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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: re3 who wrote (3171)7/29/2002 10:49:17 AM
From: IngotWeTrust  Read Replies (1) of 4051
 
Thanks, Retired. Here goes...I'm in a hurry this am...got a greenhouse to repair after a big blow and it's hot outhere, so I'll make this brief and if I'm unclear, any reponses to further questions will hafta wait until mid afternoon siesta time, okay?

I concur with an excellent analysis I read this weekend which stated categorically that the sector closes averaged a discounted gold price of $285 per t/oz.

So, how you spot the relative gooders is by extrapolation and comparison which took me some time, but was worth the effort.

1) what was silver trading at when POG hovered around 285
2) what were your rav fav silver stocks trading at when PoG was at $285 and silver was at....I used 4.28-4.32 band.
3) where did those same stocks close on carnage week Friday last?

4) repeat exercise for gold stocks, which are the ones I am invested in and far more interested in. I think you'll spot some good candidates for either adding to positions if
4.A) the underlying fundamentals' story hasn't worsened on screen results' stocks
4.B) the underlying fundamentals' story has infact IMPROVED via drill results, financing, etc. are in the top tier of where to put more money to work as the result of this sector come uppance.

Now, I gotta run. And YES, the one's I'm invested in held up very well and survived that extrapolation screening based on the $285 PoG scenario comparisons...as all had improved fundy results since gold last traded @$285

G/L
g_t
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