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

To: tyc:> who wrote (1885)	8/20/2001 11:16:27 AM
From: que seria	Read Replies (1) \| Respond to of 4051

tyke: True: your thesis is essentially "anti- base metal" rather than pro-gold. I've got 10-15% of my portfolio (depending upon price fluctuations in my holdings) in FGX, my only gold stock. As russwinter noted the other day, such a junior is all-in-one a call on the gold price, exploration results, a takeover, etc. Gold has certainly traded much more on its commodity than its money component for many years, with intermittent market spasms giving it short term pops. If/when it spikes hard because the money component becomes more important to the market, I'll be taking partial profits and re-entering the same trade later. I'm not a believer in financial Armageddon--just market fluctuations, and I see much more chance of profit in gold's moves. BTW, I think there'll be a final markdown sale on lots of intellectual capital stocks this month or next. I like gorillas, kings, and shiny pebbles. Thankfully I didn't buy too many for too much during the mania, being scared off by valuations and mostly in cash. Still smarting, though.