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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (79219)	11/16/2000 1:58:05 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

excardog - re: the Barrick Gold tender offer... It seems that this may be the same company that is doing this in Canada - trying to "snatch" up under the market shares from investors who fall for this ? I don't know anything about this group other than some comments to the above ? - doesn't appear on the surface to be much other than that ? Barrick is the "Anti-Christ" to what investing in Gold Stocks is all about in my - Humble Opine~ They are the kings of hedging; have done very well by it on an earnings basis; but thus have little upside leverage to the Price of Gold as compared to their peers. Many say that Barrick is trying to separate itself from the rest of the mining stocks via their hedging strategies... I say - good ridance. NEM & HGMCY would be my two choices here... FN.to AEM GOLD as well are solid co's - MDG a growth play worth a look; the small caps like DROOY, maybe KGC are both takeout plays potentially and highly levered to any substantial upside moves in the POG - the silver stocks; PASS & SIL just came in & I balanced my PM portfolio a bit of late with those two silver co's fwiw. Again; - I'm overweighted because I want to be; I would endorse "some" weighting - maybe 15%ish for most in this environment; but I am pursuing building a aggressive portfolio weighting because of what I see and believe... patience; and once again - the XAU has allowed 4-5-6 tremendous money making opportunities over the last 15 years with the XAU moving thru 150ish - which is a near quadruple from here by the way... and the stocks here are now at alltime lows and more importantly - at alltime valuation multiple lows on the basis of what one is paying per ounce of production & ounce of reserves in the ground. When, not if - and if not now; when ? - given the alltime lows one is paying for production & reserves ! yes; Gold & Silver; now - more than ever ...and patience. This wasn't the first in the last 15 years that Gold & the XAU were given their "last rites" - nor, will it be the last. I never liked Fiat Automobiles; yet alone the paper ~ gold; most definitely was, is and will allways be money -just ask Greenspan - as he is firmly on record to this; but Gold merely became a necessary "stabilization" tool for the ESF/PPT to quash inflation fears and keep King Dollar propped up... Gold was "Victimized" here and you'd think all the Clinton-Goreite lib's would love Gold for that reason alone (VBG). Gold.. it's time will come and the "mother of short squeeze's" exists and every global crisis that raises it's ugly head here - endorses the possiblity, if not the probability for the unleashing of that derivative collapse as a "when", not "if" event. All we need is the next Peso crisis, Brazilian Real, Russia, or LTC crisis to unfold... just one more... there won't be enough fingers to plug the dike much longer and Greenspan has allready warned as much & we've just seen the two US Banks with the most derivative exposure merge - in essence; daring Greenspan - saying; na na na na na... we're now - "Too Big too fail"... but, Greenspan called that bluff by pushing thru new Bank Failure reform - directly citing derivative exposure & risk. - again; totally ignored by the masses. Presently; given the valuation of the Gold & Silver Stocks; it's not a question of owning Gold & Silver; just a question of owning how much (VBG) !