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

To: Condor who wrote (26064)	12/30/2003 8:39:25 AM
From: E. Charters	Read Replies (2) \| Respond to of 39344

Puplava says don't buy juniors. This is not a good strategy. Buying majors right now is tricky as their domestic gold price/US dollar price for producers is not as good as it once was, and the P/E of most majors is a tad high. (What mystifies me while we are on the topic is why Goldcorp does not march in step with the gold price.) Most juniors ride on potential and do not predicate ounces which need a higher gold price as this is a losing strategy to woo investors with. Wildcat may not make the top ten for a few years, but I know how to get there and with what resources. Money is needed to get there. You cannot do it on imagination. Most gold mining companies are run by accountants and non mining people today. They treat mining gold and finding it like it was retailing. It is requires more ingenuity than that. EC<:-}