SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (11215)5/20/2003 4:17:43 PM
From: re3  Read Replies (3) of 39344
 
In part it is a fantasy. In part many of us are playing this sector because it is still more reliable and sensible (to US on the thread) than the others (except perhaps energy which you are involved with also). But to the majority of people this sector has always been kinda mysterious, where the product is something you can't eat and does nothing, pays no interest or dividend, where pretty much every company you touch has had a story or a problem, if not a mine problem, then a political-risk problem, or a hedging problem. As much as people got burned on the dot-coms, they also got burned or know people of an older generation that got burned on "the pennies". And yet, from time to time, the fantasy element comes to the surface, and people toss good money after not so good gold mining shares...so a broker puts up a map of Indonesia in his office, admitting there was a time he didn't even know where it was...and the public not only wants Bre-X but anything that might be near it... years later the public wants anything dot-com...then they didn't and now they do again...logic ? don't look for it in the stock market because there is very little to be had.

we probably will need gold to continue to go UP...maybe 400 is the line in the sand where Mr. and Mrs. J6P put some $ into a gold stock mutual fund...and the mutual fund buys the shares and they go up...or when something good comes along, a pan am buys a corner bay...i just don't see how there is that much more to it than that...Berkshire H has the good strong elements you mention and it too has languished at times...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News