Posted by dallassteve on 8th of Aug 2011 at 06:49 pm
yeah, I'm frustrated, too. I am a believer in gold long
term. Of course, GDX and miners act differently than gold,
which is why we can use a GLD:GDX ration to trade., Not that I am
saying I am good at it. My wife's IRA is in Vanguard Gold,
which is the miners. I sold all shares in April at the top,
expecting a big correction. I have not bought back in yet,
but let's see how it goes. I think gold miners have a bright
future, but they are stocks, so timing is important.
On the other hand, I have been buying gold coins since 1999, and
have never sold one of them. This is my backup in case
everything melts down. I stopped buying at $1000, and am
kicking myself now.
Lots of frustration to go around. If you find any
insights, please share.
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gold and miners
Seeking a plausible explanation for the movement of the gold mining stocks..........
Posted by dallassteve on 8th of Aug 2011 at 06:49 pm
yeah, I'm frustrated, too. I am a believer in gold long term. Of course, GDX and miners act differently than gold, which is why we can use a GLD:GDX ration to trade., Not that I am saying I am good at it. My wife's IRA is in Vanguard Gold, which is the miners. I sold all shares in April at the top, expecting a big correction. I have not bought back in yet, but let's see how it goes. I think gold miners have a bright future, but they are stocks, so timing is important.
On the other hand, I have been buying gold coins since 1999, and have never sold one of them. This is my backup in case everything melts down. I stopped buying at $1000, and am kicking myself now.
Lots of frustration to go around. If you find any insights, please share.