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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: Traveling Man who wrote (521)5/25/2002 8:26:57 PM
From: freeus  Read Replies (2) of 587
 
/true...but if Harmony continue's it's success, you may still prefer Harmony to NEM in two years.
I was curious as to is gold really overbought?
So today at my investment club, with a very nice large audience, I mentioned that it was time to buy gold stocks.
maybe 2 of the 100 people there agreed with me!!!!! The rest said "no" or "well if there is a disaster people want to own GOLD not GOLD STOCKS"....well if people suddenly want to own gold, what does that do for gold company profits??????
But that convinced me that if my club is any indication the public has not yet "joined the bandwagon" so we don't have to sell half our holdings and take profits quite yet.
Freeus
But I still have cash so I'll stil buy more on a pullback...not sure of calls because no leaps are available and I don't know if 9 months is giving harmony enough time.
I guess buying a 17.50 call would be ok, I could always exercise if it hadn't gone anywhere by NOv.
Opinion? Do you do calls?
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