gold at 1020 sbm which way will it go hmmmm, page-11

No problemo Blacks.

If you're worried about loading up too much at $0.825, SBM is the kind of stock that can move 4-6 cents in a day with good volume, so set a sell at your entry price to reduce your position a little without losing any hard earned $$. You can always buy back in once things have settled a bit. The risk is the SP could go up a little, but at least you've not lost anything and you've still retained your core position. Then there's always the chance it could go down and you can pick up some cheaper shares and average down...all depends on your tolerance for risk. But as you said, Gold is heading much higher so if you can stick with it you'll be laughing. If you look at the charts for gold and see when it broke above $700, it pretty much coincided with the credit crisis we're in now...and given that credit crisis and subprime issues are not about to disappear anytime soon, gold will continue upwards (with a few minor setbacks along the way).

At the moment the Fed are doing 2 things:

1. Reducing interest rates which is causing downward pressure on the USD with is good for gold.

2. Pumping so much money into the financial system which is fuelling inflation - also good for gold.

Well mate, I've blabbed enough.

Will share a toast when the $1.00 is breached!

Cheers

SW