Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: SwampDogg who wrote (21498)	10/1/2003 5:52:28 AM
From: Andrew	Read Replies (1) of 39344

Hi fuddle, you remember the wonderful days way back in early 2000 when Bid.com was trading at $32 or so and I asked what the rationale was behind the price moving so high and posted that I was shorting it. I remember YOU telling me that I didn't know how to value tech stocks. I wish I could find the posts but I cant even find the BID.bomb thread Yes some of the junior garbage has moved a bit too high and I can tell you with all certainty that 95%+ of the juniors touted here will never have a real mine. But I can also tell you that the gold move is far from over and even if metal prices do pull back it will be a blip on the screen years from now and merely a trading opportunity. I have not become bullish on silver until just recently. Think about it, a metal with many current industrial uses which by itself can hardly be mined economically at current prices. Someone please correct me if I'm wrong but I think most of the current supply is mining byproduct. An ounce of this precious metal can be purchased for about the same price as a pack of smokes. I'm more of a technical than fundamental analyst but I'm not really sure how much longer this ratio of 1 ounce silver to 1 pack of smokes can last. Who knows maybe tobacco is overpriced but I'm not buying into deflation. Metals prices must move higher simply because the cost of producing them are rising. Energy costs and labor costs are rising. Many mining companies have been highgrading to remain profitable compounded with the fact that exploration had virtually ceased after Bre-X until recently. Any new found deposits even if economic will take years to bring to production. As far as supply and demand is concerned just think China. And besides you know what Trudeau would have said.

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