FT86 - "SAR... picked up a few more myself....( bearing in mind...

FT86 - "SAR... picked up a few more myself....( bearing in mind they were in the 80c region.. not long ago ..when gold was way less expensive )...suspect the 2 100k sells at 72c ... will melt away when the s/p hits 71/5 - 72c"

It's not easy seeing Saracen languishing in the 60-70c region when it was well into the 80s earlier this year. But you have to remind yourself - when you buy SAR, you're not just buying a well-managed, debt-free, low-cost Aussie gold producer - you're also buying geopolitical risk, currency risk, US Debt risk, global recession risk, and the odd WA weather pattern.

For these reasons, SAR is not easy to trade. However, if it falls into the mid 60s this afternoon, I intend to hold it overnight and possibly into Wednesday in the hope of a rebound. Worst case scenario - I sell more shares than I bought to break even.