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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: Hawkmoon who wrote (28431)	2/17/1999 6:56:00 AM
From: The Street	Read Replies (2) of 116861

As I said before, numerous times, I am waiting for a big correction or an absolute crash in the US stock market. Then a dollar crisis will follow. Gold stocks will plunge with the overall market (margin calls, panic, etc.). I then buy quality Producers as well as well financed Juniors and some well managed Explorers. I already have 50 or so on my radar. I will also take a 10% stake in physical gold via Swiss depositories. Gold will move up-- and the Gold Stocks will move at even a greater multiple-- because their costs are fixed-- higher gold is pure profit. I figure I will parlay my wealth into at least a 10 bagger. Maybe even a 20 bagger or more. Then I buy blue chips on the cheap and slowly unload my gold as the retail investors come roaring in. Right now-- BOTH of my businesses rely on a good stock market to make me money. So, I can wait as long as it takes. Actually, I would like this Bull to hang on for another 5 years-- but I give it 2 at the outside and 1 at the inside...... Pretty easy-- simple is how you make money.

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