Re: mining in the real world
in response to
by
posted on
Mar 13, 2009 12:40PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Way to go Coach, best thing ever is when you get a bit riled. As I have stressed a few times over in the past, patience is the key. Patience and a complete faith that the company you have invested in is a good one according to your dd. Seriously, just ignore the silly naysayers looking to make little gains on shorting good funds by scaring investors and jumping on small movements. Read any good investors guide, no one makes big money on day trading for a prolonged period of time! It takes a great spot, steel will and determination to find the really great buys, to get in, to ignore daily price fluctuations and stick with it.
Obviously you don't want to go all George Bush and ignore the negative happenings and just hold on for the sake of looking resolved, you have to look and listen... BUT what negatives have we seen? I'd really like on of the bashers to answer these questions:
-what could ECU have done to see a different price today (remembering that the entire sector has been decimated)?
-what would production first have cost us in the long run? (oh I forgot, you don't think strategy, just tactics)
-what decisions (by ECU, not mortgage lenders) could you point to that directly caused the current price
Anyhow, as I've said before and will say again. Listen to the bashers, filter out the facts they present (very easy), look at what's left (usually nothing) and then re-read Coach's post. Repeat until smiling. Price is a reflection of sentiment... guess what, people are down man, people are hurting, a long term play like this is the furthest thing from their mind. This is the time when people get rich dude... buying into a great play when the price is low and doubts are high. Like I said, re-read and smile, you're in on one of the great plays of your lifetime and if everyone agreed, you couldn't afford to be!