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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.75

-0.2%

Oct 29 4:00 PM EDT

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To: marek_wojna who wrote (93764)	3/7/2003 4:13:09 AM
From: chojiro	Read Replies (1) of 116741

IMO the game now is more about preservation of the capital than making new money. To a degree I agree with you. So does Buffett. From his annual letter to the shareholders: "sitting it out is no fun. But occasionally successful investing requires inactivity." However I'm not playing with billions of dollars. So I think it is much easier to show [relatively] better gains as a small time investor. Mostly because I can get in and out when ever the mood strikes me. Therefore, I believe there is always opportunity in damn near any market. does that mean I always make money or the right investments? LOL, I wish(g) There is a growing group that believes gold and commodities in general are in the beginning stages of a new bull market. I'm not over excited about a new bull market in anything right now But I do believe if there is an emerging bull market than it is in commodities. Since I'm a "gold whore" I'd venture to say that buying either/or gold and quality miners on pull backs would increase your odds of making new money. Miners will have to wait, big rally in penny stocks is not around the corner. sure they will, but doin the ole tech type shuffle and buying the dips has been working pretty well the last couple years on most of them I'd guess the biggest reason miners haven't been slacking and pulling back recently is because they have aldredy put in some serious gains* And now I'd guess that main street still doesn't believe gold is in a bull market, nor will it be able to sustain these prices. Once it is determined that gold is going to not just remain in this price range but continue to rise Than we will see a resumption of price increases for the miners. And when the mania hits, those penny miners will go crazy. Unfortunately, there will likely be more fraud and scams with mining companies than there were and still are with the dot com frenzy. That is, if it is a long enough bull market to allow all sorts of shells being bought and pumped. As well as a host of new IPOs. Maybe, we'll see. * A chart of select mining stocks from the peak of the tech bubble. siliconinvestor.com Looks a lot better than just capitol preservation to me. Don't know how far they will run before the gig is over. According to Tony H we've already seen the top. I don't think so.

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