Forum Archive Index - November 2003

["Soarer2" <soarer2@xtra.co.nz>]

I own a gold ring and several aussie golds, when we get to $ 450 and gold
stocks have moved another 50% I will discuss the fundamentals that you
should be looking for

Regards





----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, November 17, 2003 10:49 PM
Subject: Re: [sharechat] Gold Glistens in the Dark Clouds


> Hi Soarer2,
>
> >
> >most people don't have a cellar full of gold bars just
> > gold mining shares,
> >
> >Gold - Long
> >
>
> Ah, so that last line is not true then.  You actually have *gold shares*
> and not gold!    A far more sensible proposition if I may say so.
> However all gold shares are not equal.  I imagine company hedging
> policy is a big factor to consider.
>
> >
> >Snoopy you can do all the cross rate calculations you like but
> > there is no other sector that has outperformed gold mining
> >stocks over the last three years,
> >
>
> Personally I don't invest in sectors, only excellent companies in
> whatever sector they happen to be in.
>
> But even if what you say is true, there are very few sectors that
> perform well for four years in a row.  So your observation is actually a
> good reason to *sell* gold shares ;-P
>
> >
> >you should just accept the facts but  its not too late for
> > you to invest in Gold stocks I averaged up again today
> >
>
> The last share that I 'averaged up' on (two years ago) was 'Restaurant
> Brands' :-(.     I learned a lesson from that.   Don't 'average up' unless
> you are prepared to bail out.   Generally I'm not prepared to sell down
> my 'income share' portfolio.  So I have gone back to my old habits of
> only buying things that are cheap and have recovery potential, and to
> hell with the trend.....
>
> >
> >and will continue to do so until the fundamentals change.....
> >
>
> What arel the signals to watch for that the fundamentals are changing?
>
> SNOOPY
>
> discl: no gold
>
>
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "Q: If you call a dog tail a leg, how many legs does a dog have?"
> "A: Four.  Calling a tail a leg doesn't make it a leg."
>
>
>
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