Wish I could bring myself to buy any more gold shares, which is probably a good signal to myself to do so. I've been killed over the last couple of months, despite having some of the shares quite a long time:
Blackrock Gold and General - main holding, still up 30%
Minefinders - down almost 50% - sob
Tyhee - even worse - down 60% -wail
Silver Wheaton - down 10%, was up 100%
Emed - still up 10% on this, but only small holding
Still, you got to laugh.
My big mistake was greed. Had money in gold ETF, which if I'd left the money in there would still have been doing pretty well now, but nooo, crude knew better. When the price of gold was reaching record levels, I decided I could make even more money with the gearing the shares would give me. You live and learn and fortunantely overall I'm still in profit, but this is thanks to getting into PM's back in 2005. If I'd been a late comer I'd never touch them again!
I seem to buy shares when I should be buying physical and buying physical when I should be in shares! What are people thinking of doing now - get physical which in GBP terms is still quite high or buy more shares which have been hammered / mauled? I might just start paying bits off my mortgage with the £500/month I've been gambling, I mean investing
Regards,
crude.