My entry was 20c, so all free carried now, but will be looking to top up when the price is rightYeh, its becoming a very good price, but I wouldnt be topping up quiet yet, wait to see some change in the selling/buying pressure.
I just bought the real thing, balance it out against my equity plays.
Havent you guys who have been holding this one been stopped out yet? It broke through support today.
My entry was 20c, so all free carried now, but will be looking to top up when the price is right
Yes, but does it really make a difference between loosing capital or loosing profits? .
Yes, but does it really make a difference between loosing capital or loosing profits? In the end, its all the same, just semantics.
I used to think the same, "ah well, my entry was a lot lower anyways" and a few times have ended up loosing my entire gains (though, I am not stating this one would go anywhere near 20c again), but you get my drift.
I guess it depends on objectives... it's also impossible to know, with any degree of accuracy, whether enacting a stop loss (while in profit) is going to cost more in the long run when it comes to capital gains tax. Personally, I think that the money made from selling and re-buying at lower levels usually will not cover any loss of the 50% CGT discount if you intend on eventually holding for >12 months.
Gold is at 990US per/oz atm.. hopefully it gets to 1000 by tomorrow and maybe we'll see SBM back up again.
I hope it hits 1000 by tomorrow. Many appear to think it will then blow-off top, however wasnt the same said about oil once it cracked 100?
Definately some HUGE potential gains off gold at the moment.
I have taken a big risk with it and placed 40% of my portfolio into gold equities and bullion. Thinking of rising that to above 50%.....of course with stops. Like the idea of inflation and a fed rate cut all within a week, better to get in before the news I think!
How much would you put on a racehorse if you were certain that it was going to win. The great thing about thorough research is that you know when it is winning, if it starts to break down you get off.
For the record I have 66% of my portofolio in bullion and gold stocks. Diversified in the sense that I have both gold and silver and currently 5 gold stocks. During office hours I can unload my bullion for cash in an hour, you know the answer with the equities.
Everyone seems to be in high hopes for today!
Any predictions for the short term? Hows the POG shaping? I should probably look on that thread
already up 6 cents
I think yesterdays dip was an aberration and that SP will now trade at/around support level that was "broken" yesterday... I believe it will settle around the 80-83c mark today but not higher until market depth balances out. Hope i'm wrong though....
Yes, looks like they are trickle feeding in at 78c, 10k lot's
Yep and as soon as they back off the price firms. A great buying opportunity below .80 Collected well at .79 last week so have enough
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