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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (29357)	2/6/2002 9:24:05 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Thanks, OJ. I'm torn on this one. $305 is a very big level on the price of gold, and the HUI faces a lot of congestion in the low 90s. But on the other hand, at the current POG level, these companies have a license to print money. And when these stocks get squeezed, they can really run; the entire market cap of all gold stocks is about $50 billion. If money managers are really buying them, as the anecdotal evidence suggests, then you've got too many guys chasing too few girls. -g- I sure hope I know when to take profits. On the other hand, in 1929-1935 and 1973-1974, gold stocks returned about 500%-600%. Maybe you just gotta ride out the swings; certainly the danger this time was in being out of the market. Not many stocks are likely to do as well in this environment, and I've got doubles in almost everything at this point, so I've got a little room.