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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (43693)12/20/2003 8:12:27 AM
From: que seria  Read Replies (1) of 74559
 
Jay, you risk-loving guy, either your CAD cash/equity
allocation is quite low, or I'm dancing on a precipice. The Canadian junior gold and energy companies are extracting one thing the world and particularly N. America should need ever more of (hydrocarbons) but which is ever harder to find, and another thing that the world will demand more of (gold) but which is still readily accessible enough for small fry to find. And the companies are still relatively neglected, although the junior golds have run and should pull back.

So your cash position of CAD 17.9% is probably champing at the bit to ride some of the junior explorers that aren't in your mostly energy-related CAD-space 6% equity.

I think of myself as having pulled back the reins on my gold equity positions (all Canadian juniors, mostly gold but some diamond positions I need to lighten) and I'm far in excess of your Mining/other resources 2.9% [and] Gold 2.2% [and] Platinum Group 1.2%. I don't take a very quantitative approach to tracking my portfolio, but I must still be ~50% in Canadian juniors. By the way, if PTM.V is too SAF for you among PGM juniors, as I decided it is for me, there is PFN.TO (but it is a spec play).

I'll can count on you to tell me when it's safe to get back in the water, although 50% is pretty wet.
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