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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Elizabeth Andrews who wrote (22354)	10/16/2003 4:44:49 AM
From: Proud Deplorable	Read Replies (3) of 39344

Elizabeth CIBC just increased their target from 10.00 to 15.00 Sorry, I don't agree with anything you said. There were people here who sold out of IVN at 1/2 of todays price. I knew they would be sorry and warned them. IVN may correct a bit but its going higher as the USA loses its dominant position in the world to China and copper prices continue to go up. Why don't you say that the housing bubble will burst instead ? I'ts been called a bubble for years now, especially in Vancouver but it continues to inflate. There is no rule that says that mining stocks can't sell for 20 times what they are worth if houses can and tech stocks can. Amazon went many years at extreme valuations before making a penny. Friedland will get bought out soon as there will be hostile bidders for the company sending the share price to the moon. Some company will overpay ( according to todays realities ) just as INCO did with Voiseys Bay. You better believe that INCO will come out smelling like roses when Nickel is selling at multiples of what it is today. Same with Zinc and Copper. You must look 10 years down the road as do many of the bigger companies. They're looking at copper at double or triple todays prices. Can you say this won't happen ? Short IVN ? Sure for a short term play but it's going higher longterm as China is not going to go away. BTW China has lots of US dollars and is getting sick and tired of watching the value fall. Maybe they don't care what the price of Ivanhoe is because they want to dump their US dollars into something that will be worth more down the road...and that is NOT the US dollar. IMO the US dollar is never going to recover....I hope ! I'm keeping all my IVN except for the amount necessary to bring my total cost to zero. emerson

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