Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: jackjc who wrote (5529)	1/27/2006 9:48:22 PM
From: zoo york	Read Replies (2) of 78409

Hi Jackjc! I was thinking the same thing myself after I posted. SPM and MAG have made very strong upside moves in a short period of time. Who is to say that they are not all overvalued at this time? When the entire market shows a bias to price in a higher multiple on speculative stocks, as we are in a true bull market, then it is hard to decide at what point things have gone too far. But whether new money is paying attention to fundamentals or not, fundamentals do matter, and when a stock gets ahead of fundamental value, sooner or later it will face a retracement. How will quickly will the new buyers step in to buy the dips? It should be a fun ride anyway. cheers! COACH247

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