not selling...., page-25

Gooch

Are trying to help goldiebugs recover their losses in other sectors by the suggestions you posted here or are you boasting that you have other irons in the fire that are actually working?

Most people in goldies have literally been taken out to the cleaners over the last 4 months, unless they used some sort of a hedging strategy. Most of them do not hedge. Hopefully most have a diversified portfolio and have made money in other sectors during this time.

The best deal would have been to buy an ETF in the top 20 companies back in October 2011 and have a stress free life. I was expecting goldies to go up with the market, instead they have been trashed, and the trashing looks like it will continue for some months so I am almost exclusively in cash and will not buy again until I see an upturn in gold or a 10-15% correction in the overall sharemarket.

In the meantime, holders of your beloved AMX will continue to feel the pain for a considerable period to come.

IMO even if they find the 400k additional ounces of oxide gold, this project is unlikely to get funded at the current price of gold. Just think of the massive dilution required to get this project off the ground and they would still need to borrow a heap of money to get a plant up for a 150k ounce pa operation. The same is true for GRY and for AZM. All these companies should simply go into hibernation to conserve cash in the hope the POG recovers or seek somebody who will buy them out for a 50-100% premium, perhaps on a merger. A cash takeover would crystalise large losses for most shareholders but at least they would get closure to their pain at a better price.

I do not disagree with you shorting the AUD, and other strategies, but I do not see any point in telling us about them when we are here to make money on goldies. By now we all know we should have been elsewhere. Perhaps you are suggesting that those holding goldies should sell out and follow your non-gold strategies, and you could well be right there.

loki