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

To: TobagoJack who wrote (24149)	10/12/2002 8:41:23 PM
From: energyplay	Read Replies (2) \| Respond to of 74559

I like NEM - probably more than I should. Got some more by buying Franco-Nevada (old FN.TO) which merged. There's a discount on Candian stocks, which has become larger after Bre-X. I also have some of the Canadian gas royalty trusts - ERF, NCN. Look at their payout levels - tied to price of Natural Gas, of course. Might be a good use for some converted Yen - give a big postivie carry. Noticed you covered the Stillwater SWC call - Platinum going up now, or did it just get too cheap not to cover ? Do you own SWC or did you just buy back the call ? The Verizon VZ put looks good too - investors will be looking for a new "Phone Company" proxy, and VZ looks like a winner.

To: TobagoJack who wrote (24149)	10/12/2002 10:23:40 PM
From: mishedlo	Read Replies (2) \| Respond to of 74559

finance.yahoo.com finance.yahoo.com finance.yahoo.com finance.yahoo.com finance.yahoo.com finance.yahoo.com PEs GG: 32 NEM: 63 HL: Tough comparison as HL just turned positive GFI: Same problem as HL just turned positive HGMCY: Same problem as HL just turned positive ECO: ZIP GLG: 60 DROOY: ZIP Hmm what do we see? Damn near everything outperforms NEM. ECO is debatable Clear favorites to me are GG and HL. GFI has geopolitical risk. HL has properties in US Mexico Venezuela (gold and silver) GG US and Canada GFI South Africa, but other properties it owns elsewhere worldwide in stable places such as Finland, Australia, and North America HGMCY: South Africa DROOY: South Africa BGO: Russia, Chile, US My personal relative weights would be GG: 5, HL 2, GLG 1.50, BGO 1, HGMCY 1, GFI 1, NEM .50, ECO (or other), .50 Which adds up to 12.5 If one wanted 12.5% of a well diversified port in gold the above could do it with reasonable weightings to the best charts, the lowest PEs, and the least political risks. If I had to pick 4 I would pick something like these GG HL GFI BGO If I had to pick 3 as safe as possible I think I would pick GG GLG NEM but heavily weighted like 5:3:2 Each chart is different and I actually flipped my HL on friday which had bounced off the 200 MA on thursday in favor of BGO which was a day delayed relatively. Currently have GG calls and BGO common. Do not think gold has quite bottomed but if it takes off I at least have something. Thoughts on these selections? M