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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Wade who wrote (4847)4/26/2006 8:29:14 PM
From: Wade  Read Replies (2) of 48092
 
I am getting used to buy RGLD round trip tickets lately. <G>

It appears that RGLD is still being heavily sold short while POG climbing higher each day. You probably still recall that JS mentioned gold short derivatives, of many hedging companies, in the last few months. I expect to see the danger is very near to those companies now. The time is gradually running out for them. After their net book losses exceed their ability to repay the debt the foreclosure process will kick in. This kind of implosion process will make both RGLD and TRE smells like roses again. Their joint value very possibly can double over night, if these two companies decide to get married. RGLD can provide sufficient funding to significantly increase the speed for exploring TRE’s massive mineral licenses. This is a win-win play for these two companies. This is just my speculation. In any rate, I added a few more shares of RGLD lately...of course. <G>

PDG was really lucky to get out of their embarrassing situation just in time. Will the next major be so lucky? We shall see. Have fun. Please don't get too nervous about the volatilities of POG. Just stay in course with your plan if you have one. Good luck.

POG at 641.
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