re: Stock plays in Response to Market Mediocrity

FishFighter

Thank you for your response and to tell you the truth I don't blame you at all for being in 80% cash. The hysteria around 10 years is abysmal and it is likely headed even lower up to the decision (I believe around June 17) of whether Greece will exit or stay.

I told my dad to grab Goldcorp before it spiked yesterday and I am glad to hear you have been picking it up over the last month b/c that means you got it at a great price and you are situated nicely. It pays a 3% dividend as well and you are making the flight to safety play which in my opinion you will see a lot of people coming out of the bond market (when it collapses) go into gold and silver equities and physical bullion.

If you ever get an itching to buy another one, I suggest to take a peak at SilverCorp (SVM). They are at a great bargain price. They have no debt, a huge Proven and Probable reserve and best of all they are shielded completely from any type of European contagion as their main mining capacity is in China. (they are the first NA co. to be granted access to Chinese mining development)

Oh and another biggie, they don't hedge which means they have all the upside in the world and their silver cost per ounce is 0 b/c of the periphery metals they mine.

But that is not to say there are not risks as well. China in my opinion has its political risks which is why CEO Dr. Feng (who is Chinese) might be an undervalued asset by the market b/c he has the right connections thus far to have made it into China.

Keep your will strong in this time as there are going to be multiple times that it gets tested and now that you have pulled away from most risky categories, you have really done your mind and body a favor.