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

To: Richard Mazzarella who wrote (64638)	2/27/2001 9:50:52 AM
From: russwinter	Read Replies (2) \| Respond to of 116762

One explanation for the early stage relative strength in S. African brave dogs and large cap tin men may be the markets they trade in (US listings). An American, Asian or European investor looking for quick exposure to gold stocks, and who really hasn't done their homework as yet, is not going to run out and open up a special Canadian side Greenline account, convert US money, and start buying the FGX's or IMG's. However, anybody serious about this play will be missing the best values and a lot of great names if they don't do it eventually. And I regret making the lukewarm remarks about DROOY and HGMCY. I think I hit a raw nerve with fellow gold bulls here and unnecessarily. At this stage the important thing is to be on board, more so than overanalyzing individual names. I don't believe my remarks served that purpose well. So let me restate my position: I think the brave dogs will perform well in the rally (in fact if you read my remarks I did say that). The stocks that will disappoint will be the tin men (aggressive hedgers/cappers).

To: Richard Mazzarella who wrote (64638)	2/27/2001 12:48:33 PM
From: baystock	Read Replies (2) \| Respond to of 116762

I remember the same thing happened in the 1993 gold stock bull market. The producers moved first and then after a few weeks lag, the explorers started to move. My explanation for this is that funds and big players don't buy the illiquid explorers. They only buy the vastly more liquid producers. If this turns to be a false move they can get out. Whereas the explorers in some cases are like roach motels...you can check in but can't check out. One way to play this is to lighten up on the producers after they've doubled and then roll some of those funds into the quality explorers that haven't moved much yet.