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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Proud Deplorable who wrote (848)	10/1/2005 10:58:38 AM
From: rubbersoul	Read Replies (2) of 78428

RE, Investors are very fortunate currently to be able to take advantage of the opportunities in the oil sands as well as the NG crunch approaching us. There seems to be almost no risk here in some cases which is very rare in the markets. But I would be careful "dissing" PMs and base metals. If you haven't been paying attention, a cluster of these stocks have been making bold moves and have outperformed many energy stocks recently. There continues to be a supply "crises" in the metals sector and as Don Coxe keeps mentioning, base metals stocks are VERY cheap right now and should be accumulated. I also think that some people will hedge the US$ by owning gold this year and many gold companies will be attractive to investors with gold at $500 (because that is where it is going in 2006). Right now I only own CKG because like you I have been playing energies (and quite frankly, it has been WAY easier making money in this sector than in the metals sector in 2005). But I would be careful here of being too "bored" with the metals sector. IMO, I would not want to be caught with my pants down when the supply crunch in the metals (esp. base metals) becomes apparent to the masses. Remember, like oil, base metals is a concept the average Joe six pack understands so investor interest will not be a problem. Personally, I am trying to choose a couple of horses in this sector for my PF at the moment. My strategy is to own oil sands/oil, NG, uranium, gold, and base metals before I exit 2005. FWIW. OT: BTW, I reduced my VERY overweight position in PBG to just an overweight position. I bought OPC.TO and VPC.V. JH

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