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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Wade who wrote (935)10/27/2003 12:49:15 AM
From: Andrew  Read Replies (1) of 48092
 
Agnico has underperformed due to a rock fall at their mine.

I've been watching it for a while now and I believe that this weakness has created a buy opportunity. I do not own it but may switch out of one of my other golds and pick some up.

Currently I own Goldcorp, Placer Dome and Kinross out of larger producers.

Message 19434150

I do not really care for ABX. They have other problems other than the hedging. Besides they have the financial resources I believe to work around the hedging.

I am more concerned that they have stated that production will fall by 10% next year and from what I understand it is due to decreasing grades. I believe I read somewhere that they may had been high grading over past years.

I stay away from SA golds for the currency reasons you mentioned and also for political reasons. No need to take on that risk.

I sold BGO a while back, perhaps a bit early. I continue to hold AZS, same management and good leverage to higher gold prices.

You will note from the link I posted NSU is my largest holding. I am bullish on this stock and their drill program in Eritrea. Stock has moved a lot not sure if I would take a new position here but I believe it is going higher.

Message 19422536
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