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

To: re3 who wrote (54575)	6/18/2000 6:15:00 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 116844

<<Wayne on average don't you think this is where most gold investors get burned ? >> You are absolutely correct. No question. God knows I have lost plenty playing with the jnr stocks. You have to do the research or find someone good who does it for you like CC at Ormetal. IMHO, most average investors are getting burned because they are getting sucked in on the threads and are buying when the stock is moving up. this is usually the time to be selling. Buy the rumor and sell the news is pretty true for these kind of stocks. Investing in jnr. pm stocks has a pretty steep learning curve. You have to be ready to take some losses to learn what to do and when to do it, unless you are a dummy like me, then you have to learn, and learn and learn....I think I am starting to learn to control my emotions and use my head better. We will see. Having said all this, right now, the jnr stocks are the ones you will make good 50%, 100%, 200% gains on. Later the majors will move too, but gold has to prove it call increase in value and HOLD that value. Until then the majors will be range bound. A jnr. making a big discovery, such as BAY, however, will move quite a bit over time and as long as PM's don't completely crash, it will hold it's value. It's is a minefield no doubt about it. For every good one, there are 10 crap ones. This is why someone like CC is invaluable in helping to make decisions. I don't always follow his advice and sometimes we outright disagree but at the end of the day he knows more about jnr pm stocks than I do and I value his opinion. One more thing, they key is to invest in a basket of stocks. Not put everything in just one, even one like BAY. Sorry for the long ramble. Wayne