I believe you are right about the possible shift of money
into this sector. We have never had a bull market in the
precious metals in the context of the current on-line
investor surge, and the new internet technology.
Can you imagine what the big producers could do in terms
of stock performance if the metals behave, and they get
investors attention? I am, of course dreaming, but who
is to say that we won't get the same lofty multiple price
increases that the dot.coms have enjoyed, in large part
due to the on-line, and momentum "investing"?
Even Louis Ruckeyser, the venerable gold-despiser,
had some kind comments for the sector, in last night's
Wall Street Week program.
With regard to the juniors, a few did move, as you noticed.
High River gold, e.g., up $.35 for the day. The PGM group
(including juniors) have been in their own mini bull market
already.
Regards
Dan |
