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

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To: koan who wrote (22739)	10/14/2006 2:27:06 PM
From: koan	Read Replies (1) of 78419

PART TWO: Why mining stocks will rise more than people think by si-koan/sh-charles99. In the 1960's Nixon took us off of the gold standard and let gold trade freely (sort of-lol). After 1980 silver actually stayed in the $20 range for over a year and stayed above $7 for a long time. Base metals went up and down. In 1982 we were again in a huge bear market for stocks and metals. Good mining stocks selling for pennies. We had a few up and down markets for the mining stocks after 1982 and then a pretty good rise in 1987. Silver touched $11 and gold touched $500 in 1987; and durng this time mining stocks like CCM, RDV, FAN,BAJ,EXN, etc and many many other deposits were selling for $3 to $18 (and would be higher today adjusting for inflation). Many multiples higher than todays mining stock prices although most of those companies have even more ore proved up today and metals prices are much hgher! I believe this is the result of the massive technical damage over the last many many years as mentioned. From 1982 until 1987 mining stocks rose and then a huge fall and then another rise and another anther huge fall. In 1984/5 for me I bought a pretty large position and then we had another huge fall where mining stocks were decimated. I lost 90% of my value at that time. Then going into 1986/7 we had another huge rally mentioned above which I got lucky by selling everything and parlaying it twice. First a triple with "cusack?" and then parlaying that into Pegasus wts which went from .30 to $5.25. Pegaus wts were all I owned for awhile then and they saved me from backruptsy. We had a terrible housing depression in my town in 1986/7 and I had a lot of propeerty and was going through a divorce. Then after 1987 silver fell all the way back down through the $7 "impenetrable floor" as the silver advertisers on TV had previously called it and bottomed around $2.75 an oz and gold did the same bottoming around $285? We had several small bull cycles in the 26 year bear market between 1980 and the present time, but silver never got above $11 and gold never got above $500 again until now. Just a couple of years ago zinc was selling for .34/5 and lead was in the .20's. Many many Base metal companies went broke and very little exploration took place between 1987 and the present time for any metals. I did not play the metals markets too much during the 1987 to 2005 time period. I did own Arequipa for awhile-lol.

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