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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: russwinter who wrote (64672)	2/27/2001 10:59:41 AM
From: Claude Cormier	Read Replies (4) of 116762

Russ, It take some guts to buy a stock like DROOY cause DEEP would go bankrupt on a move below $245 that would last a year or so. The new trend in SA mining laws is also somewhat distrubing. But lets face is. Among the producers, DROOY offers the highest leverage. If this is a new bull market, no other producer will match its performance. (HGMCY should come very close though). The problem is that this rally could be only another bear trap on the way to gold $200. If it is, those holding on to DROOY wihtout taking profits on this ride will lose big. That is why, like you, I prefer junior explorers with undervalued assets and canadian mid-tier low costs producers . As for the former (junior explorers), they are slow to follow the leaders but they truly offer enormous leverage and they canot go bankrupt as most of them have no debt. Higher gold prices will send their net asset value to the roof.

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