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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (979)	11/9/2003 6:18:51 PM
From: Wade	Read Replies (1) \| Respond to of 48092

Hi John, I will wait till January to buy the funds to avoid paying their capital gain taxes accumulated during this year. I plan to keep a few rockets besides mutual funds. When I looked their holdings. I was amazed to see that they held very different groups of gold stocks. That was the reason why Scudder was #1 last few Q's. Scudder owned a lot of GSS and BGO last Q and they have changed the weight of these two stocks lately. Another one owned mostly smaller Canadian gold stocks. Of course, some funds own a lot of blue chips. I feel it is better of "for me" to own two very different mutual funds and 2 potential rockets to make me feel involved and stay in touch with the actions. Otherwise, I won't have time to research other interesting sectors. It is too risky weighing too much in precious metals and ignore the rest of the stock market, considering all of the golds is less than 1% of the market.<G>. I saw very rapid rotations of fund holdings. For, example when I plotted XAU/HUI with stockchart tool: stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G I saw improved performance of the big producers (XAU) lately. I figure the blues will perform very well after POG break out ~$400 resistance because the big producers will generate a lot of cash. The smaller ones only dig holes and promise you the blue skies. Naturally, the potentials to make big money from the smaller mines or exploration companies could be huge, however, the trade-off is how much you are willing to lose and how much $ you dare to bet on these risky ones. One need to determine his/her ability to find the right stock and know their risk tolerance. If I am a lot younger, I will play more risky gold stocks, like I did during 93 and 96. I can still feel those thrilling experiences when I look back those trading records<VBG>. But, I didn't capture the biggest gain I should have. I need to be slightly more conservative and make sure I don't screw up at any circumstances this time. There is no second chance for me<VBG>. Sincerely, Wade