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

To: lbs1989 who wrote (1208)	6/2/2001 8:11:37 AM
From: The Street	Read Replies (1) \| Respond to of 4051

Nice discussion-- I am game...

To: lbs1989 who wrote (1208)	6/2/2001 9:13:02 AM
From: russwinter	Read Replies (2) \| Respond to of 4051

I'm going for this challenge, because by golly, next week looks like an excellent entry point to me. Instead of ten, I'm going with a dirty dozen. I'd use limit orders, leave them in for the whole week. If the spreads are wide (example: GBG 85-98), use a price like 87 and see what you can catch. Using the 50K just divide all these evenly, avoiding odd lots and use AON. Unless noted, Friday's levels are fine. Corner Bay Birim: wait for a dip back to 25, if missed substitute Moydow at current levels El Dorado: below 42 Francisco Gold Great Basin Geomaque Gold Reserve: below 75 Madison Ent. Minefinders: limit at 1.12 Solitario Southwestern Gold Tenke Tan Range below 50 is the backup pick if any of these price spike. For those wishing a tad bit more producer exposure substitute Iamgold below 2.80. For a more raw grassroots exploration play sub IMA Explorations below 34.

To: lbs1989 who wrote (1208)	6/2/2001 10:02:09 AM
From: kirby49	Read Replies (2) \| Respond to of 4051

lbs: Been reading your posts since you posed this problem with the family money. I know it's hard to ascend the learning curve. I have some questions for you. First, since you replied to Doug's post did you understand it? Us linear thinkers sometimes have problems with the more obtuse like Doug and Eric but God Bless em! they're needed. Did you understand that you should set up your own public portfolio on SI and link it here? I'm sure that you've seen Russ' and if not check this out. siliconinvestor.com Have you decided on a strategy yourself? How about George's where he just buys funds and leaves the picks up to the fund managers. He seems to buy the seniors on the dips and then roll them over to the junior fund on the way up. Don't know his exit plan and that's the first thing you have to decide in your own plan. Exit strategies must come first. Have you invested in other sectors on your own or are you jumping in to investing here because of the situation? Not that it totally applies to this sector, but how are your TA skills? For the fundamentals, mining info, drilling results, etc. many here rely on the wisdom of the resident posters here such as Russ and Claude and Bob and Wayne and sorry if I missed any. What access do you have to the Cdn markets through your broker? How much do you pay in commissions? I'm sure Russ can guide you to the best ways to trade this market throught the US. It doesn't make sense to buy 1000 shares of Blackhawk say for $140 if you pay $30 in commission, but that's how you have to accummulate some of these as you'll never get filled on 20,000 shares (at least until the price starts to skyrocket)<LOL>. So, here is my thinking. I missed the bottom in early winter, but started to trade in March. You can check out all my trades on this thread starting here. Message 15473166 A good thread to learn some TA by the way. If you read all the way through, you'll see the profits I've taken and note that I could have done a lot better if I'd just sold my positions closer to the top. Others might have just played breakouts and gotten somewhat smaller returns in a shorter time frame. Claude might argue that you should just ride it all out cause the best is yet to come. Let us know what you decide. In the end, I am left with AZS, FN, SWG, BAY & ELD & BGO bought Friday and have a buy stop in to play PAA on a breakout at 5.05. If you've read all through you'll know that I like Gerald Loeb's thinking about investments, that I try and be all in when I'm in with a managable number of positions, (I like prime numbers and strive to keep changing when stopped out to work towards another prime). I stick to one sector and don't believe in diversification, cause there are much better ways to manage risk. I was into margin and about 125% invested when POG went to 290 that Friday and tightened stops, took profits. Hope this helps and let us know what your plan is. Will be watching Goldie closely Sunday after the market opens and looking for discussion as to whether we should wait for the first trading hour to jump in or go at the open. That's the optomistic view, but Goldie is just like detective work, sitting around watching and waiting most of the time for that moment of activity. Regards Bob Edit. Just read Russ' post. See we have a few of the same. I'm looking to add and like Tenke and Minefinders.

To: lbs1989 who wrote (1208)	6/2/2001 11:12:46 AM
From: que seria	Read Replies (2) \| Respond to of 4051

lbs1989: [Long market/risk post] I like russwinter's list but only as a speculation on gold, not what I would call an investment. Not to debate prevailing expectations, but just to price risk, ask what chance you assign to bleak scenarios--not the kind in which gold triumphs, but in which it stays flat or even down from today's level, so you can't trade for gains. For example, I'd assign about a 33% probability of gold trading in a ~$250-275 range for the next year or two via the following: (1) continued good aim of producers at their feet with their hedging rifles, which is crucial to current supply #s; (2) CBs supplying liquidity (both metal and paper), as none other than Easy Al has said they will do, which continues or at best gradually unwinds the carry trade until the Fed raises rates later and possibly revives it; (3) the CPI not following the monetary aggregates upward as the type of warning the larger market might heed that the Fed is getting behind the curve on inflation; all causing (4) continued disincentive to buy gold for investment. Whatever percentage you assign to the flat or lower gold scenario, and whatever the reason, argues for that much investment $$ outside gold shares, or at least for buying a royalty company like Franco Nevada that will survive a long flat or down period better. It will bounce back rapidly at higher gold prices without being weighted with capital expenditures in restarting shut production or gearing up new production on its properties. Juniors can fold or go to pennies. No one buying them in 1996 thought it would happen then, either. The smaller a company's margin the less the fall in gold price needed to tank its stock. So $50k x 33% = ~$17k I wouldn't be putting in juniors, or at least not juniors that will only survive or flourish with gold moving well above $275 over the next 2-3 years. I'd put that money over time in QQQ or DJX or funds tracking them, especially if that is all the investment portfolio your sister has.