Precious and Base Metal Investing Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: loantech who wrote (18778)	8/30/2003 11:57:22 AM
From: russwinter	Read Replies (2) of 39344

<you would hold through this correction period in anticipation of upcoming drill results?> No idea, but to be honest my mind hasn't been particularly focused on microcap grassroots drill plays at this stage of the cycle. Somebody could always get lucky on this front I suppose. And there could still be a buyout or two as well. Good luck, if that's how you decide to play it. <time frame and distance of pullback that may occur in the HUI index> I'd say 135-140, which would be about 30% from here. If the top is 220, that would be 40%. There's always the possibility of an overshoot. The duration might be six to nine months, with about half of it watching paint dry and getting frustrated holders out. Companies like MNG, AGI and some others have been able to get well financed here, and that will tend to put a floor under them once the indigestion is done. <see a longer term and higher bull rise down the road in the next 2-3 years?> I'm open to that prospect (that this will be a big correction) within a bull market, but that's to be evaluated when the time comes, not especially now.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next