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

To: russwinter who wrote (3139)	4/20/2002 4:52:32 PM
From: gold$10k	Read Replies (1) \| Respond to of 39344

Russ, <<It's been quite a sector, why push the luck, and I'm not going to play greater fool beyond a certain point.>> Thanks for your post and the above statement, as I have similar feelings. You may have noticed the flak I got over on SDII (although in a nice way) when I posted how I had reduced my PM exposure to 80%. Based on the present POG, I agree that this sector is no longer a value play. It is dependent on the POG and the momentum that has been established. There is a point at which the value guys sell to the momentum guys. We are about there, but there are reasons to believe that the POG will continue to rise and that most any other sector will be disappointing, which could bring more investment to the gold sector even if the POG stays in a trading range. It is the psychology of belief vs. disbelief for both gold and the gold stocks. In his book "How I Made $2,000,000 in the Stock Market", Nicolas Darvas describes a period when he was getting stopped out of most of his trades and finally realized that it was a bear market. Darvas' trading style saved him even if he didn't know it was a bear market. Hopefully mine will, too, as I look for signs of a change, but I don't see any yet. Regards, vt

To: russwinter who wrote (3139)	4/20/2002 9:06:31 PM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 39344

Let's not forget that the heap leach bulk sample, which is a great idea, was announced many many months ago and has not yet happened. Is any one in touch with the locals to see if there's a problem at the village level?

To: russwinter who wrote (3139)	4/21/2002 1:11:12 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 39344

<I've been playing with the numbers on big one year winners like ELD, MFL, BAY (I'm all out now), > It is always great to cash in your chips... a good feeling. But if the bull market in metals is just starting... how and when will you buy back? It is very difficult to jump in when stocks are higher than when you sold then?

To: russwinter who wrote (3139)	4/21/2002 9:48:46 AM
From: loantech	Read Replies (1) \| Respond to of 39344

Russ, I have not done so well on the exploration fat tail plays. My problem is that I did not listen to Claude and put too large a % of cash into an early drill play or two and BAM! There went some hard earned dollars. I will still play them but after my GNG run will do so with less $$$ per play. I am stubborn so usually hold once in and the cards are turned over. Still unsure about SUL. May wait to pull the trigger until more results are in or the price goes down. Sprott has picked up BAY and RIC. Any others? I know Prudent Bear has bought into GNG big time but am not aware of other specific names. Its a good idea though. Sprott at least seems pretty savvy. And maybe that fund, Royal Canadian I believe. Starting to see some info on them that is positive. Maybe you or Claude could throw in a comment or two here. I may be taking the wrong approach but I do not see a need to sell MFL, CBD or ,HGC, or NDX at this point as I strongly believe they will build a mine or be taken out. WTC has great potential so its a hold. RIC and HL are two I like and are going to be there when and if the bull hits in the next few years. According to e-mails I have gotten from the Rivard brothers they feel that the type of mines that they are working, (deep vein I think) will continue to have reserves as they keep digging. HL has turned it around and is one of my best performers. When we see $7.00 plus silver Lucky Friday will be running 3 shifts and making money.HGC and NDX have great reserves and will build out mines in the next 2-3 years and Northern Canada will rock. So most of what I hold I am in love with and am going to hold for the Bull to show up at my door. Even if as Bob Johnson says we need to wait until 2006. There is a chance we could see silver over $6.00 and gold maybe to $500.00 so that would make some of these stocks well............ Tom