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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (9172)	3/9/2002 5:33:56 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 36161

I agree with you nspolar on the general money flows. But I think that IF the market tanks, everything will tank... including the shares of most GOLD/Silver companies. Most people will want to cash out of the market in the belief that cash will be a haven... just like the Japanese have done & would also replicate the North American experience of the 1930's & again in the 1970's. And we know what the price of GOLD did back then, along with the shares & most importantly the dividends of a few GOLD mining companies.. such as NEM, HM etc. I personally do not think the POG ('da ole yellow relic) itself will tank. It has already been tanking for over 20 years... & has bottomed out IMHO. The problem as I see it is to select the best non-hedged (senior) producer (NEM) & assorted intermediate & explorers to ride the wave into hard asset territory. Still think that we r in a secular bear market... although I must admit, I enjoy going long in various sectors to ride 'da dose short-term "pops". My exit strategy in case I'm completely off base here is to ride my longs until I'm stopped out in whatever sector I play. Of course I maintain a more or less fixed percentage in PM's (GOLD & Silver. Just in case I'm wrong on da longs. Regards, Peter