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


To: Taikun who wrote (33313)12/12/2004 10:23:07 AM
From: russwinter  Read Replies (2) | Respond to of 39344
 
<they won't play the juniors>

The hedge funds won't play juniors because they aren't liquid nor are there enough shares. They like to push indexes around. The public may, but the key as I've said for several years now, is a munch or two. That would give investors in the sector fresh cash, and the higher morale and incentive to get more aggressive, and allow the better names to clear overhead resistance and get untracked. Until that happens guys like me just keep trading: selling when prices and optimism rise, and reloading when it subsides (like now).

Can someone post the Veneroso piece?

Another item:

I've read a snippet about a gold ETF being launched in Hong Kong by year end, that could get interesting.



To: Taikun who wrote (33313)12/12/2004 8:17:32 PM
From: LLCF  Respond to of 39344
 
Hedgies do whatever they want. Presumably the 'real' money can not play through the ETF's... or of course the equity market. At some point in a prolonged bull market there will be gold mutual funds that can buy all sorts of equities.

DAK