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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Proud Deplorable who wrote (14440)7/22/2003 1:58:54 AM
From: Canuck Dave  Read Replies (1) of 39344
 
Interesting issues raised today. Are the mines being pumped?

At this stage of the boom and bust cycle in precious metals, I'd say very few are, but you never know. I wasn't part of the 70's boom, but I've seen some pretty outrageous behaviour in Tech stocks. Even CDU may have been an honest mistake.

I have also owned one mine which was a total scam, Medinah. Before it went bankrupt 6 months ago, it did all kinds of things; name changes, "gold certificates", obvious hypsters on the thread doing the good cop/bad cop thing, you name it. In the end, company insiders were literally lead away in handcuffs.

Note that the SI thread is STILL active with A@P back and taking on comers. Bizarre.

I got out of MDIN/MDHM in time, and actually made money on it before it collapsed. I don't see anything of that low level on most of the issues we discuss here, thank God.

At least not yet.

CD
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