Gold and Silver Mining Stocks Message Board

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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: the-phoenix who wrote (3564)	11/25/2002 10:40:16 AM
From: Claude Cormier	Read Replies (2) of 4051

Hello Phoenix, I don't think that anybody will object to discussions on this thread about the technical aspects of gold and stocks charts. I will not. Although I prefer to use fundamentals on stocks, I like to analyse (I mean try to analyse) what the charts are telling us. My opinion is that your best bet for trading is a senior like Newmont or Placer. XGD ? (http://www.iunits.com/english/iunitsfunds/fundprofiles/igold/fundpage.cfm) is an excellent product, but it is still highly illiquid. As for investing, this is a very tough market right now, Until gold comes out of the current contracting trading range and show us the direction, there are no too many safe havens. At the moment, I prefer a few cash rich junior explorers. These can do something good even if gold does not behave. If you find one that does not sell at a too expensive premium to cash, you limit your risks. My favorite choice is CKG. But as soon as gold breaks above $225-$228, then we have a bunch of producers that will make a lot of sense.

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