CDN. MOMO PUPPIES Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CDN. MOMO PUPPIES

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: koan who wrote (10126)	10/2/1999 11:23:00 PM
From: SwampDogg	Read Replies (3) of 36688

How do I plan to play this new market... As I have said I am bullish on gold because of the T/A reversal on Thursday (monthly) and Friday (weekly). The question is whether this is only a 3-4 month rally before the final low or the start of a multi-year gold bull. I learned from the oil rally of this year that even a reaction rally can be incredibly strong and profitable so I do not think that it really matters at this point what we are looking at. Gold stocks are going higher into at least January/February. The only question is when to take profits. I look for the best risk/reward always. The majors have moved and I am not interested in PM funds. What I am interested in is what the PM funds will be buying once they get some inflows which should be in the next few weeks. Right now I am holding large positions in only 3 gold stocks... MAE-T (selling at 35% of book) VEN-T UTX.A-A This gives me a nice mix of value,leverage, and exploration speculation. If you believe in the rally, I would buy DROOY-Q as it has the most reserves but they are expensive to mine. I believe that they have 80 million oz of reserves at $500 gold. The reason that the stock is so cheap is that they can not produce gold at what has been the price for the past few years. DROOY is a moon shot if gold takes off. I will be buying this week.. K-T and TVX-T have good leverage as well although TVX is not as good of a company as it once was. I also like NDY-T and ASA-Z is better than any mutual fund as it sells at a discount to NAV but is still very liquid. ASA holds 90% SA gold companies and 10% Canadian.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next