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Posted by Metals2Pedle on May 12, 2006, 5:10 pm
Two downs does not a correction make. Remember my words when you feel like
putting a gun to your head this summer...
SELL IN MAY AND GO AWAY!!!
Read the record, sold my gold&silver yesterday to lock in what looks like a
nasty correction in all the top heavy indicies.
>
>> When I see this in a fund I usually assume a distribution. However, the
>> last six years the fund has paid out only in December. No indication of
>> such on their website.
>>
>> With the China indexes up a bit today, why would the fund be down so
>> much?
>>
>> Willi
>
> Willi, it's the nature of closed-end funds. Perception of the near term
> future is more important than facts. It could go much lower, and quickly,
> or this could be a great time to add more to your holdings. Flip a coin. I
> own some of it in a contest and it isn't helping me much but I'm going to
> keep it for a while longer. Sometimes a couple of big down days are
> recovered with a couple of big up days, but not always.
>
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