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

To: Bruce Robbins who wrote (7241)	2/3/2003 11:47:36 PM
From: Elizabeth Andrews	Read Replies (5) \| Respond to of 39344

Everyone is waiting for the war to start and gold to correct as it did last time. It think this is incorrect this time. Last time I bought stocks (any stock but gold) on the second day of the war. The consensus this time is to do the same. At your peril. This time the tech stocks will rally for a day or two then collapse. This time the gold price will run and the gold stocks will explode. But you have to buy now to really get the leverage. It's never last time. But the positive thing is everybody is looking for a correction to buy. It is not going to happen this time. This is a straight-line run to $500.

To: Bruce Robbins who wrote (7241)	2/4/2003 10:10:36 AM
From: russwinter	Read Replies (2) \| Respond to of 39344

Yeah, this is getting a little silly isn't it? There are some very solid names selling way too cheap at these POG prices, or even 325 prices. I still have good size positions, although I'm now out of MFN. I've been thinking of selling more, but they're just too cheap. In fact today, I'm forced to put in some stinky bids in some other strangely quiet names. I think the most frustrating part of this is the dearth of deals. For instance what the heck is GBU doing at 4.35, time to take that $11 buyout (I say Goldfields)? Of course once Minefinders hit the US listing it took off, and they can have mine. Maybe Western Copper (wisely renamed Western Silver) does the same on their new AMEX listing? biz.yahoo.com Good timing, American listings seem to make a big difference. Very inefficient pricing right now. It does appear that exploration activity is picking up quite a bit though, so maybe a few great discoveries will light things up. I mentioned CQR yesterday. Message 18529637