re: "Your prediction record is pretty darn good, De!"
Thank you, fizzy.
I don't like to post predictions unless I'm pretty darned sure that I'm right. Last year, I missed one. When gold was $1,010, I posted that it would be $1,250 by . . . April, or so. It got to $1,225, then pulled back. $1,250 took another three months, I think - which left me assessing my result as CLOSE, but no.
In truth, I don't care about about the timeframe as long as I'm more right than wrong, which is really how I feel about last year. The important thing is to be IN during these surges, and out during pullbacks.
Timing the exits is, by far, harder than timing entries. In most cases, before I'll sell large number s of my stocks, I have to be certain enough of a pullback that I'm willing to pay taxes on my gains AND risk being left behind by long-term undervalued companies I've invested a lot of time and energy in. Currently, Minefinders appears to have done that to me. I sold MFN only a few weeks ago, at $15.10 and below. It is now $17.21, and silver stocks have captured the market's imagination like no other commodities.
As I said, if I'm more often right than wrong - and I have been, handily - then I'm happy.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 