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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (2228)3/7/2002 10:43:16 PM
From: Kaena™  Read Replies (1) | Respond to of 39344
 
Thanks for sharing your thoughts Russ - great explanation and you bring up many good points to consider. I'm leaning toward holding until May to make one year to lessen the capital gains at which time I will probably sell a portion to buy some more juniors.

I sure liked the action in the bonds and currencies today. Hopefully we're on the verge of a nice move up in gold if the dollar is actually breaking down here. If this were a real bull market in equities, the 30-year bond interest rates would continue to head down not up as it appears to be breaking out. This certainly appears to be a bear market rally - a couple of weak positive growth quarters before a resumption of a recession into 2003 accompanied by growing commodity inflation? Gold and commodities is the place to be. Great call on your NG stocks.

Any comments on Aurora Platinum (ARP) currently trading at CND$2.31 anyone? Brien Lundin had a write-up on them this past November that I recently came across. Sites its 4 World Class exploration properties: Midrim-Belleterre, Sudbury Area Foy Project, Footwall Project and Lansdowne House. Also writes about numerous other promising projects.



To: russwinter who wrote (2228)3/7/2002 11:52:40 PM
From: Claude Cormier  Read Replies (1) | Respond to of 39344
 
<. I sold some remaining BAY at 3.35 today. >

Can you explain your reasoning on selling BAY to move into MNP and WTC. This is not a logical move in a sub $300$/5 environment which does not show signs of improvment. You face losing 50% in MNP if gold maintains its current trend while a takeover on BAY is a very clear possibility in the next few months.