Open Question
I bought Auy, Yamana Gold when it was up at 16 dollars a share hoping it would
continue to go up but I lost big on it when it dropped less than 10 dollars a
share. I am willing to wait it out for the long run. Should I hold on or sell
and accept the losses?
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Hope holds no place in investing. Rely on your homework and discipline.
At this point honestly, I would hang on. This Fannie/Freddie bailout is gonna
create a whole lot of inflation. AUY a decent company, however I like AEM much
more for its geographic stability. Don't panic out at the bottom for heavens
sake lol. If you can add some more shares here without affecting your
diversification then what are you waiting for? The dollar will resume its slide
momentarily in my humblest opinion.
Best of Luck an hang in there. I'm in the same boat right now, but I KNOW I'm
doing the right thing by hanging onto some GOLD for insurance.
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Since you are willing to wait,then hold.
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Agree, start fresh ...
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well, i would start a new pos in this and pretend i was trading as a short hold,
monday gold will spike, when the feds lower rates this will see new highs....
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commodities are too volitile to "hold for the long term". theyre
trading vehicles.
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Peter's been saying for a long time we're going into a deflationary environment.
What do you think that does to gold?
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Check out this point and figure chart on gold since 1982 - what does it tell
you? http://www.the-privateer.com/chart/gold-pf.html
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