@Cazzex "I have cash on the side to re-enter if the gold stocks correct as I want to have a larger exposure."
You and me both. This is key. Related to previous Post, I have sold into strength booked some profits (for better or worse), and have some cash.
Always have plenty of ammo (dry powder). Always.
I'm also in SMSF, in Trans to Retirement Phase, so earnings (such as they are ), are tax free - tho Libs want to take this away.... (if it sounds too good to be true....etc.)
Nothing goes in a straight line...unless its a total mania, as 1998-1999 tech boom in US, in which everything just went up, and it didn't matter what you bought , or when.
I want a pull back! To buy back the same quality stocks cheaper than what I sold them at (partial positions...not all).
Currently long , in descending Market Value (and wanting to buy 2-3 others, after ditching them in May June, but are now moving with the tide)
EVN
SAR
RSG
BDR
DRM
FIDI? What am I missing? I lived there 22 years. Unless its a new acronym for Financial District (Wall St)...which is now largely condos!!!
When I can be sure of putting food on the table, then someone to clean my house (just once in 3 months), then fix the light switches that don't work, the water that that doesn't run, the toilet that leaks, then I can think about a new car...maybe...a Smart Car? One with 4 hubcaps, wipers that don't screech, emergency lights that don't come on the dashboard, the persistent smell of petrol...The smallest and cheapest. Or maybe there's a smaller one? Tho I am 6' 1"!
But I digress.....
BTW, my profile photo was taken when very much younger. I looked a lot like James Dean in "Giant", then. Striking resemblance, in fact.
This one below is more current (I think after selling some RSG at 54c...late March...but it has been a money machine...you can always buy back in...)
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