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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.27

+0.6%

Dec 16 4:00 PM EST

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To: goldsheet who wrote (65419)	3/12/2001 9:06:48 AM
From: russwinter	Read Replies (1) of 116815

paraphrasing me: <but all the gold will have been found, mined, and all the mining companies will be out of business by then> I would draw a key distinction to your view of my view: "some gold will be left to find and mine (at under 275), and many (not all) companies will be out of business." Bob, I think you know my points and rather than just keep circling back, let me state it as clearly as I can. There is going to have to be a major EFFORT to find and exploit gold (and other resources) versus the current lazy mode of just liquidating capital and selling paper. My job as an investor (and obviously as someone willing to make commentary) is to identify firms that are doing just that. Secondly, why invest in gold or anything else if your upside potential is capped. I want an open ended call. I've been predicting that in a gold bull market, capped (hedged)stocks will be disappointments. They have already demonstrated that their corporate strategies fail to benefit share prices in a bear market. They are out in no-man's land. I am undecided and neutral on high cost "brave dogs' (unhedged) producers. <why not just buy bullion?> I think the list of companies I've listed before, by and large accomplish those objectives for me, plus have considerably more leverage than bullion. What's ironic about our debates is that we like many (if not most) of the same names. As an investor you must be using a similar criteria, so why be an apologist for the others? Annoraq (PGE's) Birim Corner Bay (silver) Cumberland Dundee P.M El Dorado Francisco Gold Franco Nevada Freewest Gabriel Res. Geomaque Glamis Gold Reserve Great Basin IMA Exp. Iamgold Madison Ent. Metallica Minefinders Moydow Meridian Nevada Pacific Nevsun Rio Narcea Solitario Tan Range TVX Tenke

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