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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (2929)	12/6/2003 10:10:42 AM
From: orkrious	Read Replies (1) \| Respond to of 110194

he explained that the historical NAV range is 1 to 3x NAV, so 2.8x sounds expensive actually, what he said is their historical range is 1-3x profits, which doesn't make any sense. darfot, you are one smart guy, and we all have out own style. I am not going to tell you I think NEM is cheap, which is why it's only 20% of my golds. But the author of that article is like every other person who doesn't understand what is happening with the world's currency system. It's disintegrating. I am sure you'll do okay with your energy stocks. The real question is what's going to happen to world GDP. How much energy use will grow if GDP slows dramatically is a big question in my mind. I agree there isn't much downside to the stocks.