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: heinz44 who wrote (43021)	6/21/2007 4:23:15 PM
From: koan	Read Replies (3) of 78428

RE when to get out: I have been skimming off the top all along, but I use 1980 and 1987 as my yardstick. You are right, soon one will not be able to buy any good mining stock under $1 if 1987 and 1980 are good comparisons. I am still feeling that as good as this market has been we are still WAY UNDERVALUED becasue of the massive technical damage the 27 year bear market in metals has created. Even the 6 year bull market in gold and silver price 40/50%higher than 1987 has failed to mitigate the technical damage. We are still runing at about 20% of 1987 values, when metals prices were much lower and inventories much higher. Using the Aden sisters perception regarding the 3rd world consumption, on line trading for $10, etc, we still have not reached anything close to even the 1987 bull market; and nowhere close to 1980; and I expect this bull to surpass both. We could easily see a couple of thousand percentage rise in many mining stocks over the next few years.

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