I am doing some research on the Manek fund for a piece - it looks like you sold it a while ago. I've read a number of news articles on the fund's performance and am looking for some investors' insights to find out what made them invest in the fund.
If you are happy to provide me with some short comment, please reply to this message - or please ask and I will send you my email address.
Well, lets take a look were I think the Gold market is right now.
It sure looks to me, that gold stocks have found a bottom imo.
At the end of june I took some profits from a selection of stocks, and right on cue Gold started to fall.
In the past 3years when gold sold off the stocks got hammered, well not this time.
Some have retraced a little, but not enough to make me buy back in.
Whether I get in or not does not bother me at all, because if they rise from here, i'll be the first to cheer the end of this corrective faze.
If the bull has returned, I will gladly buy back in at higher prices.
Jim Rogers, once said find the right market to be in and stay with it,
Eventually you will make a lot of money.
I still believe that the best returns for this market are still ahead of us.
I don't know about everybody else out there, but I feel like there's no hope for these gold stocks anymore.
We have just had a decent run up from the end of June, and every other time in the last two years that's happened we've been crushed.
So the feeling is just one of desperation.
The bottom in June, even had me feeling like I never wanted to own another Gold stock ever again.
BUT IS'NT THAT THE WAY NEW BULL MARKETS START.
They get everybody wanting to throw the towel in at the bottom.
But what has changed, NOTHING!!!!
The world is still in bloody mess.
So even if that wasn't the bottom in June, it's not very far away. ( IMHO).
I'm buying at the moment in small tranches, and if gold stocks go down anymore i'll keep buying.
THEY ARE DIRT CHEAP !
I keep checking if anybody posts on this board, but nobody seems to have any opinion on where we are at the moment.
So I will have a go.
Since I said I was all in on Gold & silver stocks, the market has drifted sideways,
But if you look at various Gold stock indices, all of them have positive divergences,
The RSI & MACD have all turned up while the indices have meandered sideways to down a tad.
This has happened since November, so fingers crossed we might be about to turn up.
We live in hope.
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