Gold Price Monitor 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 : Gold Price Monitor

GDXJ 113.22

-0.5%

Jan 2 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Dirks who wrote (43801)	10/25/1999 12:45:00 PM
From: Ken Benes	Read Replies (2) of 116841

Robert: There is absolutely no reason to own the big gold producers with the possible exception of any that are not hedged. Your investment is vulnerable on the downside and there is little or no upside. This makes these stocks the least desireable investment that I know. If you believe that the price of gold will rise, I believe your alternatives are limited to bullion/permutations of bullion(coins), and bullion derivatives. I would recommend selling the seniors into rallies, there is absolutely no reason to own these stocks. Quality unhedged juniors may be an alternative, but clearly they may be inhibited by their class association. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next