Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Little Joe who wrote (18716)	8/29/2003 5:04:19 PM
From: russwinter	Read Replies (2) of 39344

I'm up 100% or more on many if not most of my positions, and much of it in a short time, and many of those holdings are quite large. One thing I've recognized through all this (about three years of active PM stock speculating) is that mining and mining development is a very tough business. And there is also a considerable amount of Hail Marys and junk in the sector, that people (including me on occasion) talk about here every day. That usually gets recognized when things cool off, so it's important during these hot periods to remove the rose colored glasses. I'm just not going to play for a big crazy bubble (which is what a large move from here would entail), and if others do then good luck. As I have discussed, there are also a string of variables lining up against this play. If you wish to take the counterpoint, you'll need to address those.

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