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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (38945)8/13/1999 9:43:00 AM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116894
 
Claude, after watching resource stocks over the last few years, I have come to the conclusion that the only way to make significant money in them is to trade the gyrations. IMO the most money to be made is while they are very speculative. However there is good case that can be made for short selling resource stocks as long term investments. I have the feeling that the resent rise in metals is just seasonal and mostly a near death cat bounce. I really don't see the interest for the beginning of a new bull run. Interesting is the read of the early posts on this thread, they could have been written today. Goldbugs are such a hopeful bunch. <VBG>



To: Claude Cormier who wrote (38945)8/13/1999 6:53:00 PM
From: Kool Guy  Read Replies (1) | Respond to of 116894
 
Claude, I've read your posts on other threads and you seem to follow the juniors pretty well. Let me ask you point blank, if you had some investment money and dearly wanted to invest in gold mining stocks, what stock would be the first to come to your mind and why? I'm asking because since July 12th I have been out of the normal market (techs, blue chips etc.) and have moved my money into an oppenheimer precious metals fund. This I like, but I have some additional money I want to allocate to actual metals and a couple of mining companys.

I'm not afraid to risk money if the reward/risk ratio is worth a gamble.

KG