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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Ron Pitts who wrote (48064)	2/5/2000 4:22:00 PM
From: Ken Benes	Read Replies (1) of 116753

Ron: Those numbers for the stocks mentioned are meaningless unless you sell into a rally. Selling junior producers in a falling market can be a frustrating experience as you wait for an order to be filled. During the course of a year, you might get one rally significant enough to make a 100 or 200% return with the juniors. On the other hand trading a senior like nem can return consistent 20 to 50% returns in the 20 to 30 dollar range two to three times a year. Nem is also very liquid and holds it price long enough to get out during the day. As with all gold stocks, the opening is a big risk. Should gold fall overnight in Europe, the best stocks will gap down erasing a portion of a profit. Ultimately, it is a matter of choice and trading expertise when deciding to play the juniors or the seniors. Ken

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