Re: Turning point alert....moonbeams
posted on
Sep 13, 2011 11:13PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Pic;
With all due respect to your years and experience Pic...
(...but I am entitled to my opinion...!)
The difference between your moon calls and my way of thinking are as follows: Statistically, your "turning points" have a 100% chance of making money on the buy side. This is true because of the fact that gold is in a long-term rising trend...so buying at ANY point in time will statistically make U money if you hold long enough, but as for picking exact lows, your methods have been vague and outright wrong many of the 12 months this year. You were closer last year because the full moon cycle matched fairly well with the end of month selloff which occur at options expiry. This year's options expiries have made many lows and "turning points" as well which were NOT moon related.
I have made only 4 specific calls in the last 12 months on this site. U can check. My posts are still there.
1. FR.WT on Aug 16, 2010 @ $1.20 - These warrants expired in March 2011 at around $12.00...I said at the time "Thank me later!" (only strannick has).
2. FNV.WT on Feb 7, 2011 @ $3.05 - These warrants now trade at $12.45 and expire April 2012 (I've lately been taking partial profits...and buying more EDV.wt, ECU, ECU.wt) I refered to this buy as "picking money up off the street".
3. EDV.WT on Feb 7, 2011 was mentioned as well as a one or two year play. These warrants have fallen in value since then from $.90 to $.70 BUT only expire in 2014... EDV is currently merging with Adamus Resources, & is very profitable with a large cash position...and they will mine 195,000 Au ounces in 2013. (900% target gain).
4. I have said I was buying ECU and ECU.wt on many occasions. (They are part of my higher risk portfolio)...I am still accumulating, and will continue to buy AUM at these levels with profits from the above.
I hope this clears up your little misunderstanding. Please don't be so upset.
I don't deal in hand-waving. I buy Real VALUE. Real numbers. Real ounces. Not moonbeams...and I have also stated my expected gains. (900%, and 900%)
These specific recommendations have achieved my expectations, and made REAL money. 100's of thousands. REAL and COUNTABLE percentage returns (1000% final, and 400% to date - note that past performance is not a guarantee of...etc...)
lotus petals,
gildage