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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)
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To: I_C_Deadpeople who wrote (33)3/23/2002 7:48:35 PM
From: AH  Read Replies (1) of 137
 
What questions asked by EA do you have in mind?

I remember that several years ago she told me not to worry much about POG in $US. She gave me a pompous lecture about its appreciation by a bit in terms of other currencies.

Were you in gold stocks three years ago or so?

Obviously, she did not understand then that performance of gold against US$ is the key to any sustained bull market in gold stocks.
Does she now?

Nova went from pennies to ~CAN$4,5 within ~one year. It's a huge jump. Like it or not. I do.

I invited her to short sell the stock. I really don't care much. If it's a real Bull in gold, and I believe it is, minor fluctuations of 1-2$ do not matter much. To repeat a truism, stock are undervalued and overvalued at some points in time. It's normal. If somebody does not believe in bull in gold, the person is just trading. I am not a trader. I am a speculator with certain beliefs:
- Corporate America is rotten to the bone
- Performance of Clintons' and the reaction of US public to the White House theater was an awakening reflection of complete lack of any moral values and dignity. Such environment is a natural habitat for Enrons and the like
- Value of US dollar in terms of almost anything defies laws of financial 'gravity'
- Gold is severely undervalued
- The only defence a little guy as I has is ownership of physical and paper gold and silver. If one has any doubts, one should talk with Argentines, or employees and retirees of Enron, just to mention two last major batches of victims

I own ~12 different gold and silver stocks and NRI is just one of them. However, it has been the best performer.
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