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.

  1. finicky

    finicky Well-Known Member Silver Stacker

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    You bore me - you really do, no hyperbole there
     
  2. SilverSanchez

    SilverSanchez Active Member

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  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    :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.
     
  4. SilverSanchez

    SilverSanchez Active Member

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    This is why you guys shouldn't own stock.... ;)
     
  5. VRS

    VRS Well-Known Member Silver Stacker

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    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
     
  6. Pirocco

    Pirocco Well-Known Member

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    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.
     
  7. SilverSanchez

    SilverSanchez Active Member

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    Takeovers are picking up....

    CGT and NGF

    very good signs for the future :)
     
  8. lamp

    lamp New Member

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    Hope CGT will contine to perform.
     
  9. rbaggio

    rbaggio Active Member Silver Stacker

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    Your trigger finger must be getting itchy.
     
  10. heartastack

    heartastack Well-Known Member Silver Stacker

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    Did some research on EVN looks to have some great prospects!
     
  11. SilverSanchez

    SilverSanchez Active Member

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    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
     
  12. SilverSanchez

    SilverSanchez Active Member

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    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
     
  13. metalzzz

    metalzzz Well-Known Member

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    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
     
  14. SilverSanchez

    SilverSanchez Active Member

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    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)
     
  15. SilverSanchez

    SilverSanchez Active Member

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    [youtube]http://www.youtube.com/watch?v=zC4qJKiMH74[/youtube]
     
  16. metalzzz

    metalzzz Well-Known Member

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    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?
     
  17. SilverSanchez

    SilverSanchez Active Member

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    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
     
  18. metalzzz

    metalzzz Well-Known Member

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    im considering uranium now too. i can't see those stocks staying at rock bottom forever (PDN)
     
  19. SilverSanchez

    SilverSanchez Active Member

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    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
     
  20. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    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.
     

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