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

To: Claude Cormier who wrote (31605)	10/15/2004 10:21:01 PM
From: TheSlowLane	Respond to of 39344

Here's a little snippet from Coxe today, in response to a question as to whether investors ought to be overweight Canadian stocks: “The Canadian stock market has been by far the best market to be in compared to the North American market for the last five and a quarter years but you’ve been hearing that story from me for quite a while. And I realize that for a lot of serious investment advisors in the US, that one of the ways that they show to clients how sophisticated they are is how well they do in US stocks. This is partly the CNBC effect. If people want to follow their portfolios they will watch CNBC and of course the stocks they see, the stocks they discuss there are not Canadian stocks. And so there’s somehow or other an aura that those stocks are better stocks, more sophisticated stocks, more chic. But, the job of making money is to invest in things that go up and to avoid investing in things that go down. And so in the last five and a quarter years you’ve had - on a currency adjusted basis - thirteen percent better returns per year in Canada than in the US and that’s just taking the indexes. Of course if you’ve been doing the kind of things I’ve recommended on these calls, your returns would be double that.”

To: Claude Cormier who wrote (31605)	10/16/2004 1:07:09 AM
From: Taikun	Read Replies (2) \| Respond to of 39344

Claude, OK, you've piqued my interest, but I still think that eventually, for, ABX those hedges come off and it gets a nice valuation based on ounces in the ground. ABX has been really beaten down. I have been acquiring WHT Calls. WHT is a very low-cost producer, but are you saying I'm barking up the wrong tree in regards to options and warrants and that I should be buying juniors? Thanks, David