Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (28549)	2/8/2003 12:12:48 AM
From: EL KABONG!!!	Read Replies (1) of 74559

Hi Jay, Hope you and your better half are enjoying your holiday... Mining shares have indeed risen this year, in some cases much more so than the underlying commodity itself... And, let's not forget than many of the miners are still engaged in the lengthy process of divesting themselves of costly hedge positions, undertaken when precious metals were comparatively much lower priced... And, to be sure, there is a difference between owning paper gold (mining shares) and the actual commodity itself. Paper can and sometimes does fluctuate much more wildly than the metal. At least the bars and coins will almost always have more value than certificates used for wallpaper... <g> KJC

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