Hi all,

I have been using the Goldtent website for about 18 months now having had a pretty disastrous time investing in gold stocks during previous years. Finding this site made me realise where I was going wrong and has helped me turn my investment account around (up £70,000 since last year) so I am now back in profit 🙂 I did well in gold from 2007 as I came out of stocks just before the crash, but I did not invest in the miners back then,

I have a background in financial services in the UK but I have now retired (early) so I have a lot of time to learn about TA, which I want to do using this site.

What I find most useful are the longer term trend charts and refer back to them especially when times get tough and the miners fall. I e-mailed Sir Fully (I hope that is the right title) and asked if he remembered a chart he posted as below last year, which has proved to be fairly accurate in the sense that we have had one large pullback in the miners, then a rally and now we may well have another pullback over the next few months if the miners cannot break out and follow the metals. The 8 month consolidation takes us to the summer.

When it all looked pretty dire in December, this made me remember that we have to expect these pullbacks (history rhymes etc), so I kept invested in the juniors and added as and when appropriate. It would be great if the end of this chart proves to be correct 🙂 There was also a longer term look at the previous bull market which showed all the pullbacks and Jordon also does a great analogue version.

I would like to say a very big thanks for the tips from Washers weeds, to Uranium and even Northern Dynasty, on which I made a good return on at the beginning thanks to Plunger. Got out a bit early but a 60% profit was very nice thank you 🙂 I would never have thought about investing in uranium, weed, or ND without those tips.

I have also learnt that I have to take profits on a regular basis and then reinvest as the pullbacks in the miners are violent and it is not nice watching the profits turn to losses. I still have a few stinkers like Banro that I had a big profit in but did not take, so now a big loss! Having said that, for my best holdings, I use Spock’s sit advice when I feel like selling and it has worked so far.

Surf City is also a great help as is Spock’s Matrix, although, I do tend to get a bit overloaded with info sometimes with all the different sites, (I also read AVi and Taylor Dart and the daily gold), but I would rather that than the way it was 2-3 years ago, when I started in miners and I was pretty much in the dark with the only advice being buy Goldcorp and that did not go well! I also bought some explorers and got that all wrong! As I now remind myself a junior miner can just be a hole in the ground.

Apologies if I have missed someone out as the tips from a whole range of posters have been amazing and Goldtent is without doubt the best of the sites I use and long may it continue.

By the way, my user ID is a homage to Goldfinger which is not only a great film (no I expect you to die Mr Bond), I think may well have been the first time I noticed the lustre of gold. 🙂

To finish here is a article on Seeking Alpha by Taylor Dart which makes some interesting points re the fall of GDX against the rise in gold and provides some historical data from when this has occurred before.

http://seekingalpha.com/article/4049741-gold-miners?app=1&uprof=45&isDirectRoadblock=false