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Gold/Mining/Energy : Precious and Base Metal Investing

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To: ru2 who wrote (6188)	12/20/2002 9:59:48 AM
From: Claude Cormier	Read Replies (1) of 39344

<I currently am holding kgc and HMY. Do you have an opinion on those? > The rise in gold price could be neutralized by the rise in the AS Rand as far as HMY is concerned. No opinion on KGC. I prever the juniors and some mid-tiers. My favorites: GLG and IAG on the AMex.. but on weakness only. The problem is gold. Everybody seems to be convinced that this is a bull and gold is going to $400. I am not. We'ved now reached a new zone of resistance ($343-$354 that will be as hard to go through as the $325-330 level was. As far as I am concerned, a bull will not be confirmed before we move above $414. Early signs will be when we exceed $375. Until then everything is possible. So not all stocks are buy and hold. A tough and very voloatile game.

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