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

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From: koan11/21/2005 3:56:28 PM
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Well, gold still moving in overnight trading. Sort of overnight-lol.

This move in gold really portends something profound. And it cannot be good-lol.

This move seems more like 1980 than 1987. Stronger. And unlike 1980 and 87 this move seems like it is based on fundamentals--------that may not be corrctable i.e the budget and trade deficit.

Bear Creek mIning certainly seems to be one of the great new finds. Only the 3 to 1 leverage caused me to buy the SLW wts over BCM. But as that leverage disappears BCM may be the place to be. Although one is a producer and one a huge deposit.

As BCM is at $4.50 and SLW is at $6.10 it will be interesting to see which one doubles first from here.

The irony is that SLW owns 15% of BCM, so any SLW success could be in part based on BCM's success-lol.

And it should be comforting to BCM holders that SLW does own so much of BCM as they surely did some serious due diligence.

Good luck to all of us. Although we may not need luck-lol. Just the decline and fall of the United States-lol.
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