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Strategies & Market Trends : the times they are a-changin'

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To: marcos who wrote (52)2/12/2002 1:09:55 AM
From: The Vet  Read Replies (1) of 145
 
macros, I have held and traded Gold Reserve for many years and made very little however I believe it is the most undervalued fully proved gold deposit around.

I'm not a Gata member. I bought this stock when it was $12 Canadian on the way to over $20 (you need an old chart to find that) and foolishly kept it. Most of my current holding I bought between 70 cents and $1 US.

Actually it has been trading better volume in the US (GLDR) lately rather than Toronto.

Todays retracement was expected and I used it to load up a few more shares at $1 US.

The pdf file 206.96.186.251 gives the projected total cost of production at $166 US an ounce which is pretty good.

You are right about the local politics though. If that get cleaned up and one of the majors comes in as a partner this stock will fly...

A few ifs, I grant you but still a reasonable bet IMO. There are ifs in all projects but at least in this one it won't be environment regulations or native title!!!
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