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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@dirkdigglerOf course it's perfectly reasonable. But so far....this $gold rally has violated most of the rules one might have considered 'reasonable'. Bottom line: there are no rules here.......unless we see another 20% gouge. If we see another 20% gouge.....Clive lords over us all. lol. #AndThenTheresMaund#BobMoriarty#GoldFinger
@dirkdigglerOkay, if we look at Clive objectively, that is, without any prejudice (for past calls) or childish bias, Clive did nail the bottom in $gold and the $gdx - credit due there. He stated that he wanted a correction. His call for a correction was way too early, but he was partially redeemed near the end. He stated earlier this year that it was his intention to get long again as he saw the gold sector as having bottomed, and was in a longer term uptrend ~ now he's long....again. Objectively speaking.......he's not so bad. $gold$gdx#AndThenTheresMaund
@dirkdiggler@Allan - I don't actually expect you to read the link I posted on Cliver - so here is another tidbit from the same article: "It is vital to understand that the risk/reward ratio is exceptionally favorable here, especially for longer-term investors – upside is unlimited, much more than is shown on the chart, while downside is limited by where you set your stops, which in any event will be fairly close." ~ http://www.clivemaund.com/article.php?art_id=3629#AndThenTheresMaund
@Excelsior@Goldfinger & @Benedict - I just got back around to the index and saw your discussion on the Clive Maund article. Great points guys.
Please don't interpret my posts as an endorsement of any given editorial or article. I often disagree with part or all of a given piece, but post them to get the dialogue going. Often I get more clarity out of crystalizing my thinking from disagreement or dissecting a position than endless goldbug rah-rah.
I did put the #AndThenTheresMaund to indicate the slightly wacky perspective he has in his narratives at times. :-)
The statement that Clive's technical charts and analysis are fairly good is on point, but some of his headlines or statements are very over-the-top. He's all over the mulberry bush sometimes. I just don't know what to do with the ole' Cliver, but when I see an article from him.... I post it.