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Strategies & Market Trends : John Pitera's Market Laboratory

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To: macavity who wrote (6758)	9/11/2002 10:18:37 PM
From: Davy Crockett	Read Replies (1) of 33421

Sorry mac, But your strategy is not a good one. Da big boyz r capped (read: hedged) newmont, PDG ('da 3 stoogies of GOLD mining), ABX... If u stick with the so-called '2nd tier', such as GLG (which u mentioned & KGC (k.to) G.to, IMG.to or MNG.to u will find much, much, much leverage to the POG (very important & unhedged miners) & therefore, much more volatility. Much greater leverage will be found with the CDN juniors... ie: explorers or producers with marginal mines @ the $300.00 all FWIW only If, u believe that GOLD is in an uptrend... then play the buy the dips routine, as in the 'old NAZ days. Methinks u will be amply rewarded... BWDIK Just remember in pursuit of greater reward, be prepared for much greater risk

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