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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: ild who wrote (3106)	6/28/2002 1:02:53 PM
From: goldsheet	of 4051

< My logic was that because it's a hedger it shouldn't go very low if POG collapses. It worked well because we were in bull market > I was out of gold in 1997 and 1998, but when I came back (late 1998) I started trading Barrick. My logic was the markets were going to go sideways (consolidate), but if they dipped Barrick would hold up better than most. Bought it several times near $16 and kept taking 2-3 profits, effectively doubling my money. Likewise, Anglogold seems more like a trading stock than a bull market stock to me, but I'd probably buy it at $24ish regardless of what we call it.

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