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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (9046)	6/30/2002 7:20:05 AM
From: d:oug	Read Replies (2) \| Respond to of 16631

"Doug, impressive gains but... " Agreed Dave, but these hundred precious metals stocks are all under 3 dollars with most under $1 so that money wise tiny increases in this Canadian Markets might make one to say its not apples & oranges, but pineapples & nuts :o) . But really, most of these x5 baggers are just 5 cents to 25 cents or from a level of a 20 year gold bear market to something now at 1/4 that for "real" stocks represent bankruptcy. There is a 50/50 chance that the gold bull may wake up in a few weeks, and if so then that x5 for a $0.05 to $0.25 may do another x5 to get to $1.25 if once again gold goes to $325 and reaches $335 or more. I don't gamble with the purpose to make money, but only for entertainment, so i will bet you a make believe bet that in 3 - 6 months if the price of gold does break above $335 that most all penny gold shares will reach into the whole single digit dollar range. These will be those that have been between 10 and 50 cents for many years and going to a dollar range between 1 and 5 may not be a bubbled tulip. As you spoke, depends on gold price. Also, if the price of gold does increase over $350 and hold steady for months and years, then these hundred penny companies will be aquired by the big boys very quickly so that they can add new dirt and hopefully increase their reserves in both amount and time duration for mining. If so then the hundred will be folded into about a dozen companies like Barrick and the others and share prices will resemble real prices that the only 5 will be a 5% increase, not x5 or little doubles. Might happen, and down the road months or a very few years one may look at today and what one could have done for example buy ten thousand of each of a hundred pennies, or a few hundred thousand each of a dozen "best bet" pennies and later see them do a MicroSoft type increase. Might you note to me opportunities in the past 50 years where one could buy in the pennies and sell in the dollars or ten dollars. This situation is very unique in that the common element is physical gold still in the ground unmined and these companies hold the mining rights. Nothing new here in that no new product like a better mouse trap or drug or energy source, just that Barbaric Relic called gold as a safe haven against fiat. For sure if this gold "thing" clicks because of world chaos in all aspects of life being terrorism, wars and corruption, this gold holdings will never again be set lose like in the past 20 years of being ignored. doug