Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: crustyoldprospector who wrote (20377)	9/13/2003 7:16:12 AM
From: peter snowdon	Read Replies (3) of 39344

i dont think i have any reasons not to hold gold as a hedge, but the question then is: in what form do we hold it? the focus of this thread has typically been on juniors with a tendency to the more 'speculative' end of the range (i.e. plays which are leveraged to news, not just to POG). if we move into an environment where even news may have little positive impact against a general downtrend, but we want to hedge the possibility that the trend will turn out to be up, then we should perhaps be positioned rather differently? very interested to hear from those who are 20% PM or less what they are still holding and why. as i thin these weeks, i have tended to take out bigger producers or near producers, rather than exploration plays or special situations, seeing more potential upside in the latter as long as the correction does not set in. but it maybe that on a 6 month outlook, that is not the best strategy? peter

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