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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (794)	4/20/2001 12:06:26 AM
From: Claude Cormier	Respond to of 4051

<If its upside at $5 is 3-5x, what was its potential in 1997 when it was trading for over $20 ? I hope you weren't recommending it to widows and orphans then <g> > The price of gold was $100 higher back then...so FGX at 420 made sense. If gold move back to $360, you will see FGX at $50 and more today

To: baystock who wrote (794)	4/20/2001 8:21:47 AM
From: russwinter	Respond to of 4051

<in 1997 when it was trading for over $20> Absolutely not. You might find this surprising, but I never owned a mining stock in my twenty five year history as an investor until July, 1999. Although I am a veteran, very experienced investor, I'm actually a newbee to PM's and am not married to any sector. To me this is nothing more than a major "far from equilibrium play" (defined in part: Message 15511556 that is worth considerable attention and investment. I really have no particular "gold bug" agenda with all this. Message 15592743 My cost basis on FGX is five and change.