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Non-Tech : Money Supply & The Federal Reserve -- Ignore unavailable to you. Want to Upgrade?

To: glenn_a who wrote (941)	8/17/2003 9:57:44 PM
From: Andrew	Read Replies (1) \| Respond to of 1379

My view for gold equities is that with a substantial move in gold to 450 or 500 the valuation of many juniors must go higher. The value here is gold in the ground IMO. The increased value of reserves should have a profound effect on juniors even during weak markets. Combine this with the relative scarcity of quality gold companies. The Market cap of all publicly traded gold miners with market cap over 100M is less than a third of the value of Microsoft alone. mips1.net I agree that during a severe market decline the largest senior producers may suffer a bit but I'm staying clear of the AU's and the ABX's.

To: glenn_a who wrote (941)	8/17/2003 9:59:41 PM
From: loantech	Read Replies (1) \| Respond to of 1379

glen, That was a nice post. You make an interesting point on the YUAN. I am not sure about all the markets but think we may get a big spike in gold and the shares. May be a time to take profits on most of them if this occurs $415-420 POG USD but it may be worthwhile to continue to hold a drill play stock like CKG, CBR or SVL. News on them could support or propel the stock in any market and of course if they don't get positive results they will crater in either climate. Been holding for quite some time. Mining stocks may just go up with a falling market glen hard to say history may repeat but maybe not identically. There may be a scramble for liquidity but I think being debt free or having the ability to get that way may help over obtaining liquidity in a crisis. Cash or bullion in hand sure can't hurt. tom