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Gold/Mining/Energy : ICN.V
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From: james flannigan6/16/2011 7:06:29 AM
   of 22
 
ARE THE GOOD TIMES OVER FOR GOOD?

No.The good times are yet to come for small gold JRs with real big discoveries.The Dow Jones has dropped 1000 points in the past six weeks.As one would expect shares of gold JRs have taken out to the wood shed as well.But is the market right in pricing gold JR shares? Well for some maybe,but for others such as ICN and PEM two my strong picks the market has become irrational in the throwing out the baby with the bath water.

Both of these JRs are in major drill programs and are posting stunning drill intercepts.With each passing day these two companies are adding in ground gold assets at a rapid pace.Yet the share price has dropped with the rest of the market.This is in part due to the debt crisis in Greece and a stumbling US economy.President Obama has spent $trillions of borrowed dollars and his policies have failed to create much of anything for the wasted money.Hence we have investors flocking to gold as it is starting to be viewed by the masses and its 5000 yr history of the only real currency.

In such times most JRs would not get the money to drill.But many have topped up bank accounts and are adding value with the drill bit.The ounces go up the share price goes down.Fear is back in the minds of investors who are asking if the good times are over for good.There are two types of investors in todays market the irrational investor and the rational investor.The irrational investor is in charge of pricing assets using fear as his guide.Then there is the rational investor who does his DD and knows what he is doing and buys stock from the fear shocked irrational investor.For the irrational investor the good time are over for good.But for the rational investors the good time have just started.

A question one must ask is what type of investor are you?

I rate PEM and ICN a strong buy.

James
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