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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 (22129)11/20/2004 1:54:26 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
good post and nice trade

Mish



To: Wyätt Gwyön who wrote (22129)11/20/2004 5:43:04 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
thanks. you may well be right and a profit is a profit! congrats on your success! now what?



To: Wyätt Gwyön who wrote (22129)11/21/2004 2:14:36 PM
From: Claude Cormier  Read Replies (3) | Respond to of 110194
 
Mark Twain was wrong.

Like in any business, many mining companies come alive but few are successful. Most who fail were not liars. Their business plan simply did not worked out.

Sure, this industry is very capital intensive and a lot of it goes in vapor. One can easily observe the massive dilution in the capital stocks.

Still, a gold explorer can put a hole in the ground and create wealth instantly. It happens every year. More than one time.
So there are gems in these exceptions companies. The problem is to find them.

It is even more tricky when, as you noted, this comanies stocks go through extreme cycles of volatility. This is part of the game.

But now that gold appears to have confirmed that the bull of our lifetime is just out of the gate, I suggest to you that you ain't see nothing yet in terms of % gains.



To: Wyätt Gwyön who wrote (22129)11/21/2004 3:21:18 PM
From: NOW  Read Replies (1) | Respond to of 110194
 
well perhaps the breaout of gold from a 22 year base is a false one: you may know that , but i just watch the charts in my naieve and amateur way....