Gold and Silver Mining Stocks Message Board

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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: russwinter who wrote (925)	5/4/2001 10:27:57 AM
From: geoffb_si	Read Replies (2) of 4051

Russ: It seems the best strategy in this market is to have most of your "mining stock" cash on the sidelines, waiting for very undervalued situations to develop or present themselves. SWG, MR and XCL are all good examples of this. SWG and XCL have presented good opportunities with recent selloffs. MR developed into a good buy based on their discovery. As you said earlier, you had time to get in at a very good price, because of the lag-time for the market to catch up with the news. The buy and hold strategy in undervalued gold stocks like CBD, MFL and even FGX may not be the best approach. Of course, the downside with staying on the sidelines is that you could miss out if a takeover appears or gold rallies. Geoff

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