Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Davy Crockett who wrote (3921)	11/14/2001 1:10:37 AM
From: isopatch	of 36161

Hi Peter. Most of my capital is deployed in medium grade long maturity corporate preferred stocks and bonds. The concept is not only to rake in the 8- 8 1/2 yields available, but also profit via the closing of the wide spread that opens up between treasuries and corporate fixed income securities at about this point in every recession. And if my deflation call is correct, these securities will be even more profitable as interest rates drop with an economy that continues to sharply contract in the months ahead. Continue to hold a few moderate size core gold stock positions, with the only large one being NEM CV PR. It's one of the few golds that's not dropped significantly in recent weeks. As interest rates have declined it's large yield has supported the price vs other golds that pay little or no dividend. IMO, a whole new generation of investors is about to rediscover the importance of the secure dividend for protecting and even adding to capital during a weak economy. When I have time, I'll post a list of preferred stocks and corp debentures diversified by industry, only some of which I own.<g> Isopatch

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