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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (4029)1/25/2003 6:19:36 PM
From: ralfph  Read Replies (2) of 8273
 
Afternoon Marcos.

I do not really mind the guys phlem. But it sours the good milk as well. I have difficulty pulling the buy trigger when RR or BB gives a thumbs up. No biggie thats my problem.

Speaking of shameless toutes....heres mine <GGG?> TM has some news out. They are going to drill soon. Cinco Minas (which I think will be kinda dull )but will prove up tonnage and the viability of a mine. But the drilling I have been hoping for will happen as well at El Abrita and Cerro Colorado (which I really find interesting ) They pulled some surface samples that are pretty sweet. 7 samples. 3.2 meters long averaging 3.4 g/t gold and 232g/t silver.

Sure wish I had not bought that van last year. The money almost went into this play.I would have ended up with a tad under 10% of the company by flipping PP paper. As it stands I never flipped any and have about .5 %. I now understand what PP are about and how to use them to leaverage myself into more stock.

Oh well it adds to the learning curve.

SWM- anybody out there ever pick up a phone ?

CPT- I find it interesting that the only way the price will rise is by having the company involved. At least this seems to be the case when the insider trades are looked at.

XCL- Its going to be the next SWG. They will hit some 100g/t rock and the stock will fly......But this will only happen after I sell it.

QBX- trading next week ?

Gold price rising----goldstock price flat.
I do not look on this as a negative. What this action indicates is just how mature the "Gold bugs" have become. There is no manic buying out there and the great unwashed have yet to jump on the wagon. Instead caution has crept into the market.Its not the inherrent value of gold that has the bugs cautious. The caution arises from the American dollar side. The American dollar is way over valued. We all know that. But will the American dollar really drop to its actual value in relation to other money and commodities ? Or are they capable of pulling a rabbit out of their sleeves ?

Remember how many fake outs we had before the Tech sector finaly took the long dive ? Maybe ...just maybe the American dollar is acting the same way.The latest drop is only a fake out and everything will blow over in 3 months nd the dollar will regain its once exalted stature . If thats the case, then gold will fall.

But I do not think so. 350 gold is the average price for gold in the last 20 years. Anything less is dirt cheap. Pun intended.

Its all smoke and mirrors

ralfph
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