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To: gpphantom who wrote (88241)	2/28/2001 8:39:51 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

gpphantom re: TVX ... I own it and it's got some nice volatility for trading; but it's also a LT hold untill their story plays out. It's surely for the "speculative/high risk" portion of one's gold portfolio - allthough Gabelli's accumulation of 5%+ of the company from $1.68 to $2.00 + into December adds some confidence and endorses the "cheapness" of present prices. Gabelli specializes in sniffing out "sure bet" takeout plays and you'd have to think that the king of old economy, cable & media plays sure as hell didn't wonder into a Greek Gold Play by accident - if you know what I mean... I think it's a must own for that small portion of a high risk/high reward PM portfolio - KRY as well..it's cheap here - recently off of $1.20. As far as core holdings; hard to beat the combo of NEM & HM in No. America and HGMCY & GOLD in So. Africa... throw in AEM & MDG for well run growth stories & maybe some GLG GG for the bulk of the small cap weighting & some KGC and DROOY along with TVX & KRY for the high risk/high reward - high POG leverage area and I like RGLD as a cheap - mini FN.to for a royalty play as well. - fwiw; I'd also definitely be exposed to both Silver & Copper as well - I hold a small portion of FCX for the copper side & lots of PAAS & a moderate position in SIL for silver exposure. I lost the link; but there was an article on Gold Eagle to where a 30% hedge in Gold stocks; would have allowed one to break even from the 1929 crash thru the following carnage - with the other 70% fully invested in the "crash"... Gold stocks ramped post the 1929 crash - they served their purpose 70 years ago as a hedge & they will today; but - the real story in the gold/silver/pm stocks here is not that they are a hedge; but they are a great cyclical value play as well. We shall see & see soon imo. good luck