"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, September 6, 2007

Gold sector looking, errr... GOOD

I know I am Mr. Contraction w/ counter-cyclical gold, but I couldn't resist picking up a couple Uraniums (not CCJ, but just down the pecking order from there) over the last few days. They have been beaten senseless and the plan is to trade for a sector rebound. But they are 'investment grade' so I may just hold and add if they drop further. Also, I hold what appears to be a bottoming nickel/gold royalty company. Nickel? Call me a raging commodity bull! I even have a couple silvers I consider 'core'.

But look at the gold sector run. Simply excellent. Everyone should have their game plans as far as profit taking, risk managing or holding goes. I hold all core miners and then some. Trading the trading account and holding the holding accounts, with cash for possible future opps. Good luck and enjoy.