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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (10126)	10/2/1999 11:06:00 PM
From: Lola	Read Replies (1) \| Respond to of 36688

Fuddle and I were only looking at the PM funds to get ideas on what stocks we might want to play based on what the funds might buy . . . we're looking mostly for the funds' bottom picks (or undiscovered stocks). We want to pick the winners and take positions before all the funds start their buying. Sorry if we mislead anyone into thinking we planned on playing the funds on a short term basis. It's not a good idea to daytrade or position trade any funds from my experience. Funds are for much longer term holdings. As far as the activity on the ASE and VSE, I think people are just gun shy with resource stocks on those exchanges right now because of their history. I'm sure you noticed that the gold stocks on the TSE have faired much better than the VSE and ASE stocks. I guess it's mostly a question of credibility . . . it still matters. Also I've noticed in the last week that those exchanges seem to have a hell of a time when volume picks up and you can't get timely report backs on your fills. Actually I found that to be true on the TSE as well last week. In once instance it took 15 minutes to get a confirmation from Investorline even though I saw my trade go through on Canada Stockwatch. It seems the exchanges weren't dealing well with the increased activity. Of course it could just be a problem with Investorline and not the exchanges. Lola:) edit . . . I agree with you about buying juniors over senior gold stocks. With the exception of the warrants on G.A I'm staying away from senior golds. The potential gains in the juniors are much better and I'm positioned in most of my stocks at almost rock bottom prices. The biggest gains will come very soon now and the juniors will leap frog as you said . . . I'm holding all my juniors for now unless the gold market turns completely upside down.

To: koan who wrote (10126)	10/2/1999 11:23:00 PM
From: SwampDogg	Read Replies (3) \| Respond to of 36688

How do I plan to play this new market... As I have said I am bullish on gold because of the T/A reversal on Thursday (monthly) and Friday (weekly). The question is whether this is only a 3-4 month rally before the final low or the start of a multi-year gold bull. I learned from the oil rally of this year that even a reaction rally can be incredibly strong and profitable so I do not think that it really matters at this point what we are looking at. Gold stocks are going higher into at least January/February. The only question is when to take profits. I look for the best risk/reward always. The majors have moved and I am not interested in PM funds. What I am interested in is what the PM funds will be buying once they get some inflows which should be in the next few weeks. Right now I am holding large positions in only 3 gold stocks... MAE-T (selling at 35% of book) VEN-T UTX.A-A This gives me a nice mix of value,leverage, and exploration speculation. If you believe in the rally, I would buy DROOY-Q as it has the most reserves but they are expensive to mine. I believe that they have 80 million oz of reserves at $500 gold. The reason that the stock is so cheap is that they can not produce gold at what has been the price for the past few years. DROOY is a moon shot if gold takes off. I will be buying this week.. K-T and TVX-T have good leverage as well although TVX is not as good of a company as it once was. I also like NDY-T and ASA-Z is better than any mutual fund as it sells at a discount to NAV but is still very liquid. ASA holds 90% SA gold companies and 10% Canadian.