Buying Opportunity? Only maybe!
With the price of precious metals drifting downward, it may be a buying opportunity for some. One can either add to or acquire some mining stocks at prices below those of recent weeks.
I have been adding more shares of DROOY at about $0.71-0.72. My purchases have been for only a few shares to lower my average cost. DROOY is still trading around the same range. It does not appear to be a no holds barred buying opportunity yet. So don't sell the farm to climb on board.
We do have more of the slower summer months ahead. Precious metals usually languish this time of year until the fall. However, many places in the world today are very volatile and could cause sudden fear driving the prices unseasonably high. Just be on guard for this, as well.
The general markets here and abroad are showing signs of weakness this week. While some of the indicators this week and Greenspan's comments restored a bit of strength today, I don't trust the prevailing sentiment that the upward movement of the markets will last forever. While the average individual investors seem to be hesitant to jump in, the funds and "big money" are still fueling the markets. The liquidity abounds.
The abominable immigration legislation has been put off for now in spite of the White House insistence that it pass. It will raise its ugly head again, so beware and watch for it.
Rest in the Lord and His judgment for true peace and security. After all, it is He who has made us and He who rules everyone and everything that happens.
Best to each, Doug
I have been adding more shares of DROOY at about $0.71-0.72. My purchases have been for only a few shares to lower my average cost. DROOY is still trading around the same range. It does not appear to be a no holds barred buying opportunity yet. So don't sell the farm to climb on board.
We do have more of the slower summer months ahead. Precious metals usually languish this time of year until the fall. However, many places in the world today are very volatile and could cause sudden fear driving the prices unseasonably high. Just be on guard for this, as well.
The general markets here and abroad are showing signs of weakness this week. While some of the indicators this week and Greenspan's comments restored a bit of strength today, I don't trust the prevailing sentiment that the upward movement of the markets will last forever. While the average individual investors seem to be hesitant to jump in, the funds and "big money" are still fueling the markets. The liquidity abounds.
The abominable immigration legislation has been put off for now in spite of the White House insistence that it pass. It will raise its ugly head again, so beware and watch for it.
Rest in the Lord and His judgment for true peace and security. After all, it is He who has made us and He who rules everyone and everything that happens.
Best to each, Doug
posted by Doug @ 10:02 AM
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