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

To: organicgerry who wrote (2612)	3/20/2002 4:06:00 PM
From: Claude Cormier	Respond to of 39344

<One nice thing about the majors is the availability of margin and options. > You can have margins with juniors as well. <You can even buy 2004 leaps with NEM and some others, and get some nice leverage.> Too much premium there. Better to be slightly on margin.

To: organicgerry who wrote (2612)	3/20/2002 4:09:13 PM
From: kirby49	Respond to of 39344

Lefty: Just got in from seeing We were Soldiers. There is no real answer as you say, here, or with the guru's you follow. The answer now is within yourself and that you have an investing style, plan, strategy that you can live with the risks and the discipline to follow it. The heavy hitters here have many names in their portfolio. Russ has some biotech and O&G, but he'll correct me if I'm wrong I hope, he's just nibbling looking for where the next quiet bull is going to form. Leverage from the majors is okay if you use it. During the spike last April, I fully leveraged NEM and FN and along with a few juniors was all in at 130% and ended up booking a 30% profit in May. Profits and all back into 9 juniors in June, all still open and four on that list in your recent post. Unlike you however, I think diversification is a suckers game the pros want you to play. Let us know what you pick, how you're doing and good luck , but mostly, get your money into this sector<G>. Regards Bob