Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: russwinter who wrote (8469)	3/9/2003 7:58:17 AM
From: jrhana	Respond to of 39344

I see you have given me a huge homework assignment Much food for thought and research here. Thanks

To: russwinter who wrote (8469)	3/9/2003 8:02:11 AM
From: crustyoldprospector	Read Replies (2) \| Respond to of 39344

Russ and all, Timing is a key issue here IMO. I have some words of caution to lurkers out there. Granted, your PF is well thought-out, and my observation is that your fundamental strategy is being positioned in a good value play before it takes off, and wait for the rise. That is my MO, too. However, lurkers who may read your post and say to themselves, "I should do that," here is a thought to consider ... Not everyone can wait out the lows like Russ can. Once the next mini-bounce in the general market ends, there is a good chance we will see a downdraft. Folks like Zeev Hed and Puplava see this as a high probability, and so do I. The good news is, if it comes to pass, it will be a baby-and-bathwater situation. Great deals on drillers and security companies may become ridiculous give-aways to buyers with cash. The bad news is that all stocks, including PMs, are just stocks in a real downdraft, and they all get sold. We are clearly in a bear, and have yet to see true PANIC. It is overdue, it is coming, and IMHO the market panics sometime year. Be careful out there if you can't wait it out a year or two, like Russ can (in biotechs?). For you Russ and most of the posters here, this caution is an "of course" type statement, but for some lurkers it may not be so. To paraphrase Bill Fleckenstein, you never know when life's margin calls can come (medical, etc.), and jumping into these good deals right now and not being able to wait through a further pull-back (one year?) for them to pan-out could be financially devastating. Buy some value plays now, but as VT says, keep some powder dry in case the deals get better. You'll still make money if you buy early in a clear market upturn. I am with you 100% on strategy, Russ, but want to caution some lurkers that they need to think it through a bit before employing it carte blanche in their case. Still waiting on the Canadian gas trusts in my IRA to rise significantly 1 year after buying (though dividends have been great), Your most grateful thread participant, crusty

To: russwinter who wrote (8469)	3/9/2003 8:50:01 AM
From: loantech	Read Replies (2) \| Respond to of 39344

Russ, Impressive list. Lot of research. Good job on the energy stocks. I just don't follow any of shares in energy or defense. We share some of the names in mining. After you sell your WTZ (if you do) are you looking at any new names or putting the proceeds into GBU and Ivanhoe? I think you had a Airport security stock at one time or still do. Great idea. Tom

To: russwinter who wrote (8469)	3/10/2003 8:02:20 AM
From: jrhana	Read Replies (3) \| Respond to of 39344

Russ, when are you going to start your mutual fund? the russwinter GOD portfolio Seriously, I am sure we could get up 20 people to scarf up 50,000 each to get going. If you could just make 8-9% while the market was declining 10-20%...... Just seems like a logical extension I would be good for $50,000 for a formal (open ended) mutual fund ran by you.

To: russwinter who wrote (8469)	3/11/2003 12:25:16 PM
From: juniorgoldman	Respond to of 39344

Moydow I see is part of the GOD portfolio. I own a decent chunk of this one from the 40c level. I see a buyout in the next couple of months before Newmont gets ready to start development at Yamfo-Sefwi in August. I imagine the company is talking to Newmont at PDAC. To those here who own MOY, where do you see it being taken out? Keep in mind that these guys have the high-grade material that NEM needs to make the belt work, they have not drilled any deep holes and with gold prices where they are, the reserve is up substantially over 1.5 mil ounces.