That's one way to express sentiment on gold, it's more dependable than its alternatives, for sure ... short term it's weak, long run this little pullback only makes the chart healthier imho, while several gold stocks never got anywhere near Pog1000 priced in, still good value, Dynasty is coming real close to production and now they've got a bit extra cash to start Jerusalem, these have the potential to change the whole game for them ... there's also the windfall tax coming, no idea when, it may hurt or it may help, if more than its percentage is priced in now [which is the likely case imho]
Several i hold have considerable base metal upside, trx.v, ngd.to, ktn.v, usa.v ... so it's not all golds by any means, dmm/try/ric trio adds up to a fair chunk of p.f. though
Silver at 13.01 right now, will that hold, hmm ... Au/Ag ratio up to 72
Oilsands a good bet, yes looks like it ... better the ones with cash, no debt, and not attempting to produce at this stage, imho ... it's a point where you just want a well cashed-up developer in the early stages, something that is not going to go bust on you, something really really cheap ... this leaves two, aos.v and stp.v, the latter has moved off bottom some but has interesting developments next week
cll.to - the time will come for Connacher, if debt doesn't pull them down ... not so much of a takeover target maybe, being complex ... opc.to may be a target, but it's not clear that shareholders would get much premium from today's shareprice[?] ... pbg.to, attractive but not that cheap ... npe.v, interesting but they're spending on this pilot project which won't produce much of a product that is not yet back in demand, gonna need money long before stp/aos, their land may or may not be as high quality, don't know but some think it's not ... leaves just two out of the whole lot for now, imho
na.to - that's one of my old faves, together with lb.to ... had two bank periods over the years, major one from winter of 95-96 until mid-98 [? - not sure, but when all the hoopla in re mergers was on] ... quite rewarding, and outside of Arequipa the banks sure beat minerals juniors then, as it covered the post-Busang crash ... another time around '91, i'd just bought a small bit of cii.nyse on an analyst's reco when the news came that Buffett had bought some, kicked myself for not buying more because that was easily possible, then sold it way too soon, needed cash to get a project going, still got a double or better if memory serves ... it was called Citibank then, trades now as c.nyse if you like drama in a bank chart -g- |
