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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (17738)	4/2/2002 5:17:05 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 74559

AC, small market it is... less than the market cap of McDonalds. If a person can stand the volatility - it's a great place to play ... I don't believe there is any one indicator to quantify this sector ... some people use lease rates, others - COT numbers - these things can't account for the insurance coverage gold provide against some of the ugliness we're witnessing. It's the non-systemic risk we're trying to protect ourselves from. FWIW, if you don't have a taste for gold, you might want to look at silver – normally these stocks run with a positive market beta (silver is now considered an industrial metal) and are much less volatile. In case you're still interested, Bill Gates has a 14% position in Pan American. For me, myself and Irene - I'm holding two silver plays - Minefinders and Corner Bay Silver .... they both trade on the Toronto Stock Exchange. BTW, at this stage of the game investors are tripping over themselves to bid up the stock prices of any stock that's levered to natural resources. Whether it's Suncor, Noranda or Kinross, people are shedding anything and everything that doesn't have some sort of basic intrinsic value. Regards Frank P.