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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (981)	5/27/2002 1:04:04 AM
From: Jeff	Respond to of 30712

very true.....but one thing is different in gold stocks... during the nasdaq bubble...there were thousand's of mid tier and crap stocks to chase..... since gold is coming out of a long bear.....many companies don't exist anymore.....much consolidation... in simple terms....there just aren't many stocks to chase here.....the "pickin's are slim"....<gg> so you will have all that money chasing just a handful of stocks..... on my crap list.....i think i have less than 10 that are still under .30 cents....and the mid tier crap has already done 300-500%.....but....looking at their charts at gold 400.....many of those could still go up another 400- 1000%.... and if panic sets in....as in panic buying as the markets break like nasdaq 1350 and dow 8200.....the flight to safety could send gold parabolic to over 500 or more.... then you are talking insane gains in gold stocks across the board because of all that money chasing so few stocks.... another thing....most of the junior golds are on the canadian exchanges.....and very few are listed on our exchanges.....so you will have lots of folks looking at gold stocks for the first time....and many may not want to buy in a market other than the u.s... and just find the ones listed here in america..... then you really narrow the choices..... either way....if the markets crash...and gold soars... just throw darts.....you will make money on gold stocks..<g>