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

To: Little Joe who wrote (23564)	11/4/2003 10:10:43 PM
From: SwampDogg	Read Replies (1) \| Respond to of 39344

Yes, this is a market in which speculators are willing to take more and more risk. To me there is not much difference between a micro gold without a property of merit and a tech stock that has no earnings. When the general equity market turns lower and investors seek safety the lower quality PMs may get hit just as hard as anything else. There is a chance that golds do well in a market meltdown but if they start lower it will get ugly in a hurry. I have some core quality juniors for the long term but some of the micro PMs are way overdone.

To: Little Joe who wrote (23564)	11/4/2003 10:53:37 PM
From: Bruce Robbins	Respond to of 39344

Yes. Especially seeing as gold has been stuck in another trading range. I still have not seen gold print $400. There are only 34-35 trading days before Christmas... Bruce

To: Little Joe who wrote (23564)	11/4/2003 11:05:58 PM
From: gold$10k	Respond to of 39344

Hi Little Joe, I see relatively few PM charts and companies that look attractive to me. This is usually an indicator for caution. Regards, vt

To: Little Joe who wrote (23564)	11/4/2003 11:15:23 PM
From: tyc:>	Read Replies (1) \| Respond to of 39344

I have been so bullish on NGX (NXG) that I owned nothing but warrants. Today with the stock reaching a new high I shorted the common, while maintaining a strongly bullish position. I shall be happy to cover the short at a profit when there is an unexpected drop. I think we shared an experience with AEM (AGE). It confirmed my belief that if an unexpected drop will cause me pain, I am too heavily loaded !

To: Little Joe who wrote (23564)	11/4/2003 11:19:05 PM
From: que seria	Respond to of 39344

Little Joe: I see the same thing, and note the warrants issued in many financings now are convertible into shares at a 1-1 ratio, not the 2-1 ratio I've often seen in recent times. A rise in the risk premium for financing juniors near a suspected top? Or just managers cashing up on any available basis while the market will pitch some money their way? Not complaining about the froth, though, with moves like Sunridge going up a dollar in a day. I feel as though I'm missing out on a lot, having kept higher cash levels the last 2 months. Yet I remain concerned that I'll wake up one morning to a major gap down in gold and shares, more likely with than against the broader market.

To: Little Joe who wrote (23564)	11/5/2003 7:47:07 AM
From: paul ross	Respond to of 39344

Jr gold's may just be catching up with the over valued state of tier i and 2 golds, which would be a normal progresion of a gold bull mkt. The stocks usually lead the metal, another indication that this is a mkt.bull, with the next shoe to drop a break thru 400 level on POG. What continues to concern me is that the CB's, in particular US FED, have let it be known in suttle ways thru its usual back channels, want gold between 325 -375, and will fight, as they have recently, to keep it from approaching 400, 390 has been the line in the sand quotes.ino.com Chart of POG could be forming an aecending Triangle, a bullish formation which would indicate a breakout above 400 Will be interesting to watch as gold starts to mosey up again to the 390 level. I have cashed about 25% of my long term portfolio recently, which is up quite a bit since market lows of 2001. Short term holding HL and BGO.