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


To: jrhana who wrote (13416)7/3/2003 9:30:41 PM
From: Michael Bidder  Read Replies (2) | Respond to of 39344
 
Results don't look good to my eyes but I am not qualified to tell.

Seems that most posters are interested in developed producers with large caps, Bema, Cambior etc.

I am a speculator looking for a home run like Voisey's Bay or Ariquipa. Has anyone else out there got the spirit of a risk taker?

Buying into Bema or Cambior exposes me to POG risk with very little upside. I'd rather take my chances with the Drill rig risk on a decent property
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Does anyone concur??



To: jrhana who wrote (13416)7/3/2003 9:44:45 PM
From: nspolar  Read Replies (2) | Respond to of 39344
 
jrhana, you asked me a while back about my favorite stock(s). I gave you a half-arsed reply.

In any event right now it is BGO. I've remained patient and have been 2x weighting for some time. I don't very often go over 1x. Learned the hard way. 1x is around 10%. It appears BGO is breaking out and will go much higher. BGO is one of the few gold stocks in my port that did not suffer a major drop in OBV during the last down. Held it.

My port by and large consist of stocks with BGO type charts.

Patience is key with gold stocks, imho. It will be very difficult to out trade a bull's bull. No bull.