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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (1966)	1/8/2004 10:15:08 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 313059

But what do you REALLY think, LOL. I dunno. I think precious metals are undervalued relative to just about everything else. You got another game we can play? I'll play if I can make a living at it. CD

To: russet who wrote (1966)	1/9/2004 1:21:32 AM
From: Claude Cormier	Respond to of 313059

<This includes almost all mining stocks too,...take away the price of the commodity and where is the growth in earnings per share? The multiples are all double digit though (gggggggggggg)> I agree with that as long as you are talking about the seniors. The real whealth is created by juniors who discover an economic metal deposit. Unfortunately, there are many who try to do it and very few are elected. In other words, the Francisco Gold and Corner Bay Minerals of the world are rare like... Pope's... well you know what.

To: russet who wrote (1966)	1/9/2004 10:27:00 AM
From: tyc:>	Read Replies (1) \| Respond to of 313059

If I read your cynical but realistic remarks correctly, you say that mining stocks have no long term investment merit. It sure seems true that most of them ultimately end up worthless, many of them, even producers, without having paid any dividends to shareholders. My last posting was a vindication of short selling. If your posting has merit, and I believe it has, then it would seem that the long term investment merit of mining stocks lies on the short side. How come we are all playing the long-side exclusively ? It is possible to play BOTH sides. You end up with two investments; when one zigs, the other zags so the overall volatility is low while the volatility of each side separately remains high ! All you have to do is remember to BUY the Zags and SELL the Zigs. (I wonder if we quaf the same brand of ale !)