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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: gold$10k who wrote (12633)12/13/2009 3:42:02 PM
From: loantech  Read Replies (1) of 48092
 
I like to reread this paragraph or two to keep the spirits up. <G>

During fall of last year most juniors didn't see any up tick in their stock quote at all since shares for sale were hitting the few willing investors left like a tsunami never ever witnessed before in the universe of junior mining companies. Many juniors were priced at bankruptcy levels, levels not seen since the gold bull market began in 2001. The inevitable result was panic, a real panic which drove most investors (and gold letter writers) out of the juniors pushing management of most juniors into a mental state of severe depression.

I always maintained the view, even during this extreme depressed period of time, that the high quality juniors would come out as winners eventually. There's no doubt in my mind that within a few years from now valuations for the better juniors will stun most investors, the better juniors will be priced at levels not imaginable today. The pendulum always swings from one side to the other, in other words, from overvaluation to undervaluation and back etc.

gold-eagle.com
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