wait until after gold nears #400, IPO 2ndarys will occur
gold miners will need more capital then
they are succeeding in lining up some capital now
private placements are doing the job, from what I read
venture caps are in there to some extent, surely
this is a double barreled milestone
since IPO's will require analyst opinions, thus coverage
and the game cycles in full speed, just like in 1990's
the tables will have turned
so mainstream stocks will have large deposits of fecal matter in their pants, with exec mgmt justifying their big pantloads of pension expenses and stock option expenses
but miners will be running fast, bringing to market gold from large deposits of valuable ore
the contrast in deposits will be stark after #400
maybe sooner at a lower critical price like #375
then, a year or two later, the public catches on
they are always last to the party, slowest to learn
they require a trend to be clearly in place in order to be felt as "safe"
unfortunately, most of the meat will have been carved off the centerpiece turkey by then
the safer it feels to them, the closer the game is to OVER & DONE
gonna be fun to sell near the top
esp after a long patient wait on the ride up, bumps and all
/ jim |
