LT...okay, let's pick it up with your comment about Minefinders. Here's what you said:
>>I own let's take minefinders for instance were much higher in the past and I hope , think, they have a chance to regain their past glory. Time will tell. <<
You bring up an excellent point, LT.
Another way to view specific issues in this sector is to go find the former high flyers and re-measure them against METAL IN THE GROUND, MONEY, MANAGEMENT and see:
1) what, if anything has changed.
2) if something has changed, analyze why
3) if something has NOT changed, analyze that why as well
4) add or discard from a portfolio based upon subsequent review.
So, let's kick around Minefinders...what has changed from their former highflyer status days? What criteria did YOU use to pick up some Minefinders? How did you seperate the chaff from the wheat and open the wallet?
You continued...
<<I work in the credit business and think there is just too much credit debt, lending standards have weakened greatly over the years, and I see a tough road back to debt repayment. The main press loves debt and hates gold so here I am. >>
So, business is booming in the credit biz, eh? Figures! Any input as to why from your perch? Credit is the antithesis of Gold and fractional gold possession ponzi schemes. Any trends we should be on the lookout for so that we know when the hoards are coming so that our personal picks will be lifted by the tide that lifts all boats-- for a spell anyhow--- in this out of favor sector now showing some life? (interp: no hoards sighted yet)
Lending standards have weakened you say...to public or private sector or both?
Tough road back to debt repayment...how does debt repayment and g&s mine debt financing compare and contrast?
At which point would/SHOULD a mining concern, PICK ANY OF'EM, go to public debt markets to finance operations if they quit using this leasing ponzi scheme that can't be maintained forever? Any D/E ratios we should be aware of as investors/traders in this sector when we see a debt financing rear its head in one of our portfolio picks?
It's absolutely fascinating to me that you should be on this thread...what a VALUABLE PERSPECTIVE addition to this sector's discussion you are!
YOUR TURN!...
gold_tutor |
