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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (815)	6/16/1999 11:57:00 PM
From: EZbeliever	Read Replies (1) \| Respond to of 1005

THC ... This may be the first time we disagree. Sorry to all GRE followers about the off-topic comments. I'm not disappointed in the least with my junior mining portfolio. There always has, and there always will, be losers in this arena. Last year, in a tough market, I managed to make 18% in this segment. If it weren't for a slightly early exit from RANGY, this number would be much better right now. In fact, it cost me six figures to move from a heavy low-ball position in RANGY to diversify into GRE among others. Should-have, would-have, could-have, is history. The point is, there isn't another segment of the stock market that offers move VALUE than certain mining company shares. I have been following the PM equity market for many years and have never seen opportunities to participate in PROVEN reserves like we have today. Excluding organizational costs, mineral rights, and a multitude of variable expenses, the total capitalization of many quality juniors is only a fraction of the drilling costs required to determine proven and probable reserves. If a company has the working capital to survive, skyrocketing future potential is ASSURED! The seniors will rise first, but the juniors will more than make up for it when the momentum turns. Insead of running from this segment, it is time to redouble financial commitment on a selective basis. This means loading up on PM companies that have substantial proven and probable reserves with enough cash to carry them through tough times. I would not include GRE in this category, but have thrown some capital to the wind because of their superior production. My gut feeling is the gold market is near the bottom, in spite of the dire predictions of those like Larry Edleson. There is simply too many short positions, and negative publicity and sentiment not to take the contrarian position. Believe me, Gold is not going away as the ultimate store of value in crisis (or otherwise). Bankers can no more de-monitize gold than de-liquify the worlds water supply. It takes guts to invest totally opposite of the crowd, but that is where the PROFIT is. The key is to own investments that can tread water until the explosion. As I have said many times before, the current generation of financeirs knows nothing except paper and didgits in a computer. When true systemic and counterparty credit risk rears their ugly heads, holders of derivatives and paper will be in for the surprise of their lives. At that time it will be too late for them. There has never been a fiat system in history that has proven reliable, and current world financial activities will be no exeption. The last thing I will do is run to the latest internet fad (no offense). I'm starting to move into the PM markets with both feet. When the tide turns and the masses come rushing in there will be many who say we are LUCKY to have owned gold shares and physical at the bottom. BULL!!! It will not be luck at all. EZ