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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (18728)	8/29/2003 9:58:57 PM
From: Proud Deplorable	Read Replies (3) of 39344

""just discovering" gold stocks," And I would like to add something here. Before I joined here I knew you to be very experienced at this. You say that "it's not exactly like something new is a foot". I am in my mid 50s and have seen a lot also. I heartily disagree with your concern as to whether or not this bull has more Pamplonans to gore. I agree with Russell. Gold is going to 2,000.00 but who knows when. Try to remember that you are one of the most knowledgeable people as far as trading PMs but the hordes that show up in any bull market simply aren't here yet. I use my conservative dividend loving brother as an indicator. Only a few days ago he reluctantly took the plunge after reading CONSTANT proddings by Russell. He bought some coins and some CDE and Newmont. He has never taken my advice before, well I should say never asked for it until this week. So here is a person who IS exposed to this sector and reads bullish gold stuff from Russell and he only just now thinks he should get in ? I'm surprised that you would reduce in a bull that has run only 60%. I'm holding most and selling 1/2 of the odd double but am 1/3rd of worth long and waiting for the Nasdaqlike bubble which will most certainly occur, the time when all those who aren't in yet WAY overpays. I'll sell to them. I can't give you a concrete example but oftentimes I watch some of the ones on days then they are talked up here and there are many of these that trade small enough volume to confirm to me that some here are buying and selling to each other. In a real bull market there isn't enough inventory to go around and reverse gravity occurs. There aren't enough gold and silver stocks out there to meet the coming demand. It's a very samll market. Sure most of these stocks will turn out to be junk but have you been in a Wal Mart lately ? Most of what they sell is junk but look at the crowds. These are the same crowds I'm waiting to sell to. "Although I note this forum is getting more and more crowded" This is a good sign that interest is building. When this place becomes an unmanageable zoo of newbies and my brother won't take US dollars anymore and demands gold or silver in payment and everyone in America has heard of Newmont and SVL then that's when the Bull market will end. The bull market isn't born, nor does it die with this small group here. Am I wildly bullish on PMs ? Lets just say that I believe the USA is headed for disaster and thats more likely to be a fact than an opinion. Remember Franco Nevada when it went to 90.00 CDN ? Well I'm not selling until FN does it again. BTW where did they go ? ralphie the naive

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