Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.080

0.0%

Nov 6 4:00 PM EST

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To: Don Westermeyer who wrote (586)	4/1/1999 1:21:00 PM
From: Kapusta Kid	Read Replies (1) of 793

I'm not so sure the BEARX position in gold is misplaced. There is a Canadian junior gold named Royal Oak Mines which I traded in and out of several years back. After not thinking about RYO for a few years, I couldn't find its listing on the Amex. So I turned to the RYO thread on SI. Seems the company is pretty close to belly up right now and many of the other junior miners may be joining them soon. So are we talking bottom? Maybe. Or maybe the bottom won't be in place until some of the bigger miners start running into trouble. Not exactly blood on the streets just yet, but when the production cost of a commodity falls below its selling price, it's time to buy. It's just a question of your time horizon and patience. I'm not in BEARX just yet; just downloaded the prospectus and annual report. But it should do well in a market with such narrow leadership.

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