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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Brumell who wrote (1846)	8/21/2001 1:13:18 AM
From: Brumell	Read Replies (2) of 4051

Thanks to those who offered their suggestions about which gold stocks to buy. Chasing details has been interesting... but the outcome frustrating. FWIW, I think gold stocks are mostly way over priced.... some ridiculously so. I was surprised. What's caused these hyper valuations? What's the rationale? Many look better as candidates to short than buy long, imo. Several people mentioned FGX. Can't argue with that one. This stock reeks of value with reserves in the ground and more exploration underway. Even if viewed only as a takeover candidate, FGX makes sense at today's prices. Considering valuations placed on even mediocre producers, FGX appears to be selling at deep discount, 50% off or more, prices. While not a t/a, I also noticed it's chart appears to be forming a pennant. An upward breakout appears likely. It's a buy regardless of gold prices. Are IOCC gold options still available? I traded them about 15 years ago with mixed success. Can't find any mention of them and couldn't find their quotes in newspapers. There's a reason for asking. Seems to me if gold looks poised to move, I'd rather own the metal or a derivative than most of the gold stocks. Bob

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