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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (27835)2/9/2003 8:01:54 PM
From: re3  Read Replies (3) of 36161
 
Slider you have basically made the same post a number of times recently...I sense something is bothering you and perhaps you are not as sure of your decision to sell most of your gold stocks as you are trying to appear to be. With POG = 370, and the XAU at about 75, I consider the senior miners fairly good value right here, and I suggest some of the juniors are under-priced. While the price action of the miners is certainly disappointing lately, perhaps what you have is that non-Americans are buying GOLD bullion, while Americans, if interested in "gold" tend to go for gold stocks. And I don't think this interest in gold by Americans has gotten too high yet, but when it does, they will be bidding up the price of gold shares...
Of course if you'd rather be betting on American fiat $, well, you are welcome to -g-
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