Last Chance Sale - make your plan if you think Gold is still in a bull

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Apr 10, 2012.

Page 2 of 3
  1. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    You bore me - you really do, no hyperbole there
     
    finicky, Apr 12, 2012
    #21
  2. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    :rolleyes:
     
    SilverSanchez, Apr 13, 2012
    #22
  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,644
    Likes Received:
    1,502
    Trophy Points:
    113
    Location:
    Northern NSW
    :lol: I'm sure I do. Arrogance often manifests boredom when in the presence of differing opinion.

    BTW, when used excessively, the word 'hyperbole' bores me.
     
    wrcmad, Apr 13, 2012
    #23
  4. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    This is why you guys shouldn't own stock.... ;)
     
    SilverSanchez, Apr 13, 2012
    #24
  5. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    NEVER put your hard-earned into pm ETF's or ETP's - EVEN IF THEY SAY 'PHYSICAL' on the tin - Plenty of great stocks out there right now not just in pm's such as (I hold) CHZ, TRY, BSR, AZH etc but also oil - forget natural gas for now - but vertical oilies can't go wrong - and oil services of course... Don't forget the 'picks & shovel' companies that provide mining service/support if you can stomach all the guff about China 'slowing down' (*sniggers*) - Dyor ;) x
     
    VRS, Apr 14, 2012
    #25
  6. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,872
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    Current pm prices are due to QE1 and 2, and thus QE3 independent.
    People forgetting that may make the same error as those that sold silver at $9 in 2008.
     
    Pirocco, Apr 14, 2012
    #26
  7. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Takeovers are picking up....

    CGT and NGF

    very good signs for the future :)
     
    SilverSanchez, Apr 16, 2012
    #27
  8. lamp

    lamp New Member

    Joined:
    Jun 24, 2011
    Messages:
    534
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Melbourne
    Hope CGT will contine to perform.
     
    lamp, Apr 16, 2012
    #28
  9. rbaggio

    rbaggio Active Member Silver Stacker

    Joined:
    Aug 5, 2010
    Messages:
    4,300
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Your trigger finger must be getting itchy.
     
    rbaggio, Apr 16, 2012
    #29
  10. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    2,665
    Likes Received:
    3,040
    Trophy Points:
    113
    Location:
    Melbourne
    Did some research on EVN looks to have some great prospects!
     
    heartastack, Apr 16, 2012
    #30
  11. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    to be honest yeah - i have a very limited amount of capital free - I wanna put it in the most effective place
    and its hard to over look silverlake at this price considering my failure with the Phillips River merger (which turned into a Phillips River plunder)

    I do have a core possition already - so im ok if it doesnt come down as far as I want
     
    SilverSanchez, Apr 16, 2012
    #31
  12. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    I agree, their 'partnership' with Newcrest is a thing to carefully take note of (albeit potentially mixed blessing)
    But i am really liking EVNs managment
     
    SilverSanchez, Apr 16, 2012
    #32
  13. metalzzz

    metalzzz Well-Known Member

    Joined:
    Sep 3, 2011
    Messages:
    1,977
    Likes Received:
    86
    Trophy Points:
    48
    Location:
    Australia
    i haven't bought into SLR yet so I'm getting even itchier. i really don't want to miss the next run up like i did last time. its just a matter of when to jump in
     
    metalzzz, Apr 16, 2012
    #33
  14. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Better to have some than none

    maybe buy some now (3 bucks and change is a good price for a first entry) and save some in reserve in case it goes down more.

    Downside risk is lower than upside potential - but the stock has no risk/potential for you if you don't own any

    My buy price was 3.50 abouts - i want it to be about 3.2 so need to buy under $3 (although i can be choosy because I own some already)
     
    SilverSanchez, Apr 16, 2012
    #34
  15. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    [youtube]http://www.youtube.com/watch?v=zC4qJKiMH74[/youtube]
     
    SilverSanchez, Apr 16, 2012
    #35
  16. metalzzz

    metalzzz Well-Known Member

    Joined:
    Sep 3, 2011
    Messages:
    1,977
    Likes Received:
    86
    Trophy Points:
    48
    Location:
    Australia
    i think your right. it might be a good time to start averaging in. i expect gold spot to keep dropping further so am i wrong thinking that gold stocks should follow?
     
    metalzzz, Apr 16, 2012
    #36
  17. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    There is a divergence and sentiment is really low for the stocks, so i don't know, its not as easy to predict what things will do at the moment
    Are all the sellers done? Or are there some more people to be shaken out of the stocks? I don't know
     
    SilverSanchez, Apr 16, 2012
    #37
  18. metalzzz

    metalzzz Well-Known Member

    Joined:
    Sep 3, 2011
    Messages:
    1,977
    Likes Received:
    86
    Trophy Points:
    48
    Location:
    Australia
    im considering uranium now too. i can't see those stocks staying at rock bottom forever (PDN)
     
    metalzzz, Apr 16, 2012
    #38
  19. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    I stay away from Africa - so I used Greenland Minerals (GGG) for part of my uranium exposure (kill 2 birds with one stone). I dont want paladin unless it gets under 1.50, there are some interesting explorers - but that's risky
     
    SilverSanchez, Apr 16, 2012
    #39
  20. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,372
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Perth
    I'm waiting for another event like Spain to go balls up or something else that will trigger another decline.. should see stocks drop alot then recover.
    Hopefully with each event/decline, more people will slowly lean towards PMs and associated stocks.
    I like Evolution and Kingsgate like yourself Sanchez.. will snap some of them up when the times comes, but not alot.. only about $5000- 10000 worth. I've almost hit my gold/silver bullion amount goal so wanting to have some stock exposure for the leverage.
     
    LovingtheSilver, Apr 16, 2012
    #40
Page 2 of 3

Share This Page