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


To: baystock who wrote (64705)2/27/2001 1:36:20 PM
From: russwinter  Read Replies (1) | Respond to of 116762
 
The explorers are moving, but it's like popcorn. Just as getting out is like a roach motel, so getting in is like a chastity belt. Not easy, as they are pretty illiquid. I have a few fairly large AON bids placed inside the spread right now on a few, and am not having any luck, which is fine for me as I'm already 105% invested. But for someone who wants in, they could just miss out. I think when the buyers really come for the quality explorers, they will cut through the offers like a hot knife through butter.

Actually, I'm looking for a delayed secondary trade in silver and copper. The gold explorers will take off quickly, and there may be a chance to redeploy into thoses plays. I have a little shopping list.



To: baystock who wrote (64705)2/27/2001 1:44:23 PM
From: re3  Respond to of 116762
 
rr i think one will (still) do well on producers or (carefully selected) explorers...personal preference is important.

i think some caveats :

- don't have all your $ in a combo of drooy, abx or au
- otherwise, diversification is wise

in the mid 90's bull mkt for gold equities, stuff like greenstone went to $ 20 canadian

ps did you know tvx and ballard power traded at the same price in the mid 90's and a canuck brokerage from that point had the higher rating on tvx !