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n/a
deleted
3 Posts |
 Posted - 01/27/2009 : 18:14:22
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I think gold is strong compared to all currencies. With the middle east trying to go to a gold backed curency, that all oil will be sold in, I think gold prices will rise thru the next few years. Today CRAMER said sell gold mining stock. I want to sell but I bought low and think gold will go higher. The P/E ratio for some of the mining stock is high I admit but where else are you gonna go with your money other than into the dollar which I think will drop as soon as the honeymoon is over for Obama and the new stimulus plan.
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Interest is up, the stock market is down, you only get mugged if you go downtown. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 01/27/2009 : 18:34:02
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What ever Cramer says, I would do the opposite .
He's a paid for shill.
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n/a
deleted
84 Posts |
Posted - 01/27/2009 : 19:46:01
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completely agree with redneck, Cramer isn't a moron so he has to be shilling. He claimed sometime last summer that the market had hit the bottom, LOL
the powers that be do not want mad rushes for the metals
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I currently have no signature. |
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keys
Penny Collector Member
383 Posts |
Posted - 01/31/2009 : 10:06:41
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I am not against buying shares in the gold miners, but you have to view the gold miners in their relation to the stock market and the credit market, from enviromental restrictions, increasing costs of machinery and labor costs.
Take the typical gold miner for example,
What is their credit rating?
Will bank's lend to them?
Do they have any cash reserves to tide them over in case of unexpected costs?
There are many knowns and unknowns with gold miners as well as any company, all you can do is read up on the company via the internet for any and all news concerning a particular gold miner (bad news as well as good.)
Never fall in love with a company or a sector-
when you do you won't let yourself sell when its the time to sell.
Never hold forever-
You are not the CEO so don't get obsessed with holding when you should get out. The shares don't care if you hold them or not, so sell when its time to sell.
Take your profits and don't look back-
When your investment has increased 50% or 100% or more, sell half!
Don't ride the price to the peak-
Shares can just as easily fall hard as rise another five dollars in price. Warren Buffet, one of the best stock investors of all time, is quoted as saying "I always sell too soon". He sells too soon and makes his profits, millions wait too long and sell at the bottom.
Be like a successful poker player, leave some money on the table, cash your chips in, don't think about what you could have won, think about what you did win.
Don't let the fear of taxes stop you from selling.
Which would you rather have-
72% of profits after taxes
or
100% of losses, which you might be able to use towards deductions in the years to come is still a kick in the pants for any investor Psychologically.
This is only opinion, not meant as investment advice, the things mentioned is just what successful investors do. Proceed with caution in all investments and never be afraid to sell at any time.
**************************************************
Remember dot coms? How many followed the above advice? How many got burned by ignoring this advice?
Bulls make money
Bears make money
Pigs get slaughtered by their own greed.
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/31/2009 : 11:42:02
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quote:
Originally posted by keys
I am not against buying shares in the gold miners, but you have to view the gold miners in their relation to the stock market and the credit market, from enviromental restrictions, increasing costs of machinery and labor costs.
Take the typical gold miner for example,
What is their credit rating?
Will bank's lend to them?
Do they have any cash reserves to tide them over in case of unexpected costs?
There are many knowns and unknowns with gold miners as well as any company, all you can do is read up on the company via the internet for any and all news concerning a particular gold miner (bad news as well as good.)
Never fall in love with a company or a sector-
when you do you won't let yourself sell when its the time to sell.
Never hold forever-
You are not the CEO so don't get obsessed with holding when you should get out. The shares don't care if you hold them or not, so sell when its time to sell.
Take your profits and don't look back-
When your investment has increased 50% or 100% or more, sell half!
Don't ride the price to the peak-
Shares can just as easily fall hard as rise another five dollars in price. Warren Buffet, one of the best stock investors of all time, is quoted as saying "I always sell too soon". He sells too soon and makes his profits, millions wait too long and sell at the bottom.
Be like a successful poker player, leave some money on the table, cash your chips in, don't think about what you could have won, think about what you did win.
Don't let the fear of taxes stop you from selling.
Which would you rather have-
72% of profits after taxes
or
100% of losses, which you might be able to use towards deductions in the years to come is still a kick in the pants for any investor Psychologically.
This is only opinion, not meant as investment advice, the things mentioned is just what successful investors do. Proceed with caution in all investments and never be afraid to sell at any time.
**************************************************
Remember dot coms? How many followed the above advice? How many got burned by ignoring this advice?
Bulls make money
Bears make money
Pigs get slaughtered by their own greed.
Good advice and thank you for it. |
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Think positive. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/31/2009 : 12:43:46
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I got to meet Jim Cramer at my college about a year ago. He gave a talk about capitalism in America. I was a little surprised by his opinions. I enjoyed the talk, but I was a little disappointed in that he blamed the economic mess (not nearly as bad a year ago as it is today, mind you) almost entirely on deregulation and free markets. He kept bringing up the Irish potato famine as an example. He said the government needs to have stronger regulations in place to stabilize markets.
What you see on Mad Money is a TV personality. Believe it or not, he's a little bit calmer in person  |
Nate
The Copper Cave
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Cramer and gold miners
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