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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (31387)	7/16/2003 9:38:51 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 36161

Iso, I've done well in the PM sector by listening to folks that eat and breathe it (like Russ Winter/Claude Cormier/Elizabeth Andrews, for example). Your point regarding the juniors is well-taken, some of the ones that have the highest risk/reward can also be illiquid (at the worst possible time, of course). Since these stocks tend to be event-driven, they don't give up as much territory on broad market downdrafts. The approach I have taken has been to accumulate positions in a basket of juniors (thanks to Russ, I own WHT under .80 and MNG under .90). For short-term positions, the more liquid mid-tier or seniors makes more sense. When the gold ETF is available, that will provide traders one of the best vehicles for trading gold. I don't believe that gold automatically goes up when the market goes down, but I do subscribe to the idea that the fundamentals driving gold in the long-term are not apt to change soon. Of course, the market will do what it will, so positions are subject to revision as events dictate!