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


To: organicgerry who wrote (2589)3/20/2002 1:24:02 PM
From: Eva  Read Replies (1) | Respond to of 39344
 
MFL is halted !



To: organicgerry who wrote (2589)3/20/2002 1:34:04 PM
From: gold$10k  Read Replies (1) | Respond to of 39344
 
Lefty,

I made the move from majors/producers to juniors/explorers a year ago and have not regretted it at all. IMHO, the time for juniors is now.

Good luck,

vt



To: organicgerry who wrote (2589)3/20/2002 1:46:33 PM
From: Claude Cormier  Read Replies (2) | Respond to of 39344
 
Lefty,

Keep also in mind that the next bubble in precious metals stocks will be unprecedented. Like thgelast bubble in the tecks, it will come at a time when more and more people are investors/speculators.

Given the small size of the gold market and also given that the big names will be purchased by everybody, while the juniors will most likely be purchased by knowledgable investors and P&M funds, it could well be that the NEM of this world will have equal performance to the best juniors.

Consider that NEM could duplicate the performance of YHOO during the Tech Bubble.



To: organicgerry who wrote (2589)3/20/2002 2:59:50 PM
From: Canuck Dave  Respond to of 39344
 
That's a pretty accurate assessment, and here's where I think we are.

The precious metal bull is already under way, and the very best of the majors (good cash costs, low hedging) have already made significant moves. Look at Goldcorp, T.G: 8-25$ in a little over a year.

As the bull advances, the more highly leveraged majors will be the next to go (cash costs close to price of gold), then the better placed Juniours, and then the exploration companies. Finally, if a bubble develops, there'll be lots of new companies to buy.

Good luck with your choices.

CD