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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (10654)5/8/2003 1:48:16 PM
From: jimsioi  Read Replies (1) of 39344
 
Valutrader and loantech, HUI and explorers

I reduced GSS holding but with a portion of the proceeds bought more RANGY which is now only trading at 71% of the value of GOLD, the stock, whereas it should be at 93%. Total miner allocation reduced from 82% of max to 75%....with 25% cash. Would rather expect that tomorrow they'll be some follow through, and I'll sell more into that....

As for being away from the HUI stocks, that's where the liquidity is for me and so far the likes of GSS and RANGY have moved as well or better than anything I've had in the juniors....May not have the right ones but pink sheet trading is limited.

Notice that IVANHOE is trading unusually high volume to the upside.....so I'm a happy camper...

GOLD over $348, heck I'd think the HUI would be alot closer to 138, but actually the valuations on the HUI stocks are not that appealing. Investors may be shying away as a result....I can hold RANGY with its 5 or so PE and big NAV discount.....that's bold for me...
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