Robert,
I already have a inet portflio and mutual funds, the recent "never to be seen again highs" has turned me to a gold bug. However, I realize that the timing could be 2 months or two years. I am looking to put $1,500 to $2,000/month in a very speculative gold stock; unfortunately, I don't want to trade on the CNDX.
Even though I want safety, I don't want a large cap either.
SMDCF looks like a good play - however, I don't want to be right on GOLD , yet wrong on the company.
Will SMDCF be around for the next gold rush??
What are its chance, INYH, of it going out of business or going to the pink sheets??
Since you indicate that you have been in gold since the 70s, is this a stock you would reccommend to someone looking for a "perpetual option" in gold?
If not what you you rec as a beaten down junior gold? Please be specific as I value your opinion. If you feel I should stay away for Standard mining or any stock tht went thru a reverse say it. Or, it this offers low risk NOW after the reverse and high reward, indicate.
Or should I diversity, - GSR/CBJ/DROOY/DAY?
I want to buy in now and I will sell on the double. If it drops again, I will buy back again and slowly build a position. I have done this before, and believe it or not it works -especially, if you have lots of patience and the stock is in a long long base and trades comsistently between 1/8-1/4, for example, for months.
Please respond in depth. It is imperative that I pic the right stocks.
I think I know what will happen with inflation. Also, I see another INET run coming and am dreaming of further depressed gold prices before the SLOW SLOW uptrend begins.
Thats when I am getting in.
TIA
Stephen |
