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


To: Elizabeth Andrews who wrote (22354)10/16/2003 1:55:01 AM
From: Canuck Dave  Read Replies (1) | Respond to of 39344
 
You're saying bubbles can't get bigger?

You got an exit price (up or down)?

CD



To: Elizabeth Andrews who wrote (22354)10/16/2003 2:28:38 AM
From: Andrew  Read Replies (1) | Respond to of 39344
 
Similarities between now and March 2000 are astounding. Some of the stocks going parabolic are different but the Casino like euphoria is back.

Can anyone tell me the best way I can buy physical silver and gold bullion in Canada. Is it possible to buy without paying GST and PST?



To: Elizabeth Andrews who wrote (22354)10/16/2003 4:44:49 AM
From: Proud Deplorable  Read Replies (3) | Respond to of 39344
 
Elizabeth

CIBC just increased their target from 10.00 to 15.00

Sorry, I don't agree with anything you said. There were people here who sold out of IVN at 1/2 of todays price. I knew they would be sorry and warned them. IVN may correct a bit but its going higher as the USA loses its dominant position in the world to China and copper prices continue to go up.

Why don't you say that the housing bubble will burst instead ? I'ts been called a bubble for years now, especially in Vancouver but it continues to inflate. There is no rule that says that mining stocks can't sell for 20 times what they are worth if houses can and tech stocks can. Amazon went many years at extreme valuations before making a penny.

Friedland will get bought out soon as there will be hostile bidders for the company sending the share price to the moon.
Some company will overpay ( according to todays realities ) just as INCO did with Voiseys Bay. You better believe that INCO will come out smelling like roses when Nickel is selling at multiples of what it is today. Same with Zinc and Copper.

You must look 10 years down the road as do many of the bigger companies. They're looking at copper at double or triple todays prices. Can you say this won't happen ?

Short IVN ? Sure for a short term play but it's going higher longterm as China is not going to go away. BTW China has lots of US dollars and is getting sick and tired of watching the value fall. Maybe they don't care what the price of Ivanhoe is because they want to dump their US dollars into something that will be worth more down the road...and that is NOT the US dollar. IMO the US dollar is never going to recover....I hope !

I'm keeping all my IVN except for the amount necessary to bring my total cost to zero.

emerson



To: Elizabeth Andrews who wrote (22354)10/16/2003 7:48:35 AM
From: jrhana  Respond to of 39344
 
HGM news

biz.yahoo.com



To: Elizabeth Andrews who wrote (22354)10/16/2003 8:37:28 AM
From: austrieconomist  Read Replies (1) | Respond to of 39344
 
IVN - House Money. Elizabeth, you make good points, but it is hard to be squeamish in a position that is all house money. I would not buy it here (so why doesn't that tell me to sell it here?). Because we don't know to what level the Friedland/Calandra machine will take it. I would be a buyer of CNI despite its gains.



To: Elizabeth Andrews who wrote (22354)10/16/2003 9:46:14 AM
From: Little Joe  Read Replies (1) | Respond to of 39344
 
Elizabeth:

I think you are right as to Ivanhoe being over valued, but I would not jump in the way of a runaway train.

Little joe



To: Elizabeth Andrews who wrote (22354)10/16/2003 1:41:03 PM
From: dave rose  Read Replies (1) | Respond to of 39344
 
<<<<The market cap on Ivanhoe is now so ridiculous>>>

12% of the valuation of Scudder Precious Metals fund(SCGDX) is Ivanhoe Mines. Is this cause for jubilation or concern?