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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 398.95+0.1%4:00 PM EST

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To: bigbuk who wrote (405)10/27/2003 4:52:03 PM
From: Andrew  Read Replies (1) of 29622
 
Yes but when I was buying NSU and BGO other people would not listen. They said gold is dead. My friends looked at me like I was crazy. They now ask me "you got any picks man". Yeah right I said buy at the top now go for it.

I mean I don't think this is the top but on some of these penny POS's the risk reward is not as good as it was. I have been rotating into what I feel are the best majors with leverage to higher metal prices. These will start to really perform soon. Many juniors are priced for discoveries already. I have seen some market caps near that of AZS I mean at least half, on juniors which really haven't proved a thing. I will stick to the real companies with real deposits and good management so I don't get caught holding the bag on some POS illiquid promo that I cant hardly buy nevermind blow out if I want to.

Only you and Elect and my Dad bought NSU. My Dad and I bought BGO as well and AZS and a few more POS which I have dumped now.

I suppose I'll be selling NSU to the latecomers. $10, $12 maybe $15 or $20. AZS too, except I think I'll be selling it to a major at higher metal prices. AZS no brainer if I ever saw one. Same thing no one talks about it only talk about IMA and AQI LMFAHO.

I'll post my standard disclaimer. I'm a crazy goldbug don't listen to me.

PS. Thought I'd mention I really like some mid tier producers like RNG and maybe a few others. This size of company will provide the safest multi bagger potential investments going forward if we see 450-500 gold. REAL COMPANY up 50% since JULY.
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