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

To: loantech who wrote (33548)	12/26/2004 11:02:28 AM
From: russwinter	Read Replies (2) \| Respond to of 39344

Tom, sorry I can't participate with your new thread, as I feel I've neglected this one. I do feel we are in a unique spot right now in the junior sector, probably the best opportunity since 02. I don't really subscribe to the one best stock theory (at this instance I suppose MRB: 1.18 or MNG; 1.13), but more to the basket approach. My strategy would now be to accumulate the following at current bargain prices, and be prepared to add even more if we get a USD rally, POG correction. I'm now far less inclined to wait on the metal correction as I feel the junior sector has already more than sold off enough in anticipation of something that may not even occur to any significant degree. The sector badly needs a catalyst, and I feel it's a major munch, in which case I would go from "constructive" to very bullish. I feel it's astonishing that the majors and mid teirs don't use their overpriced stock as currency for this purpose. In fact I think there is an arbitrage: short majors (at minimum I would sell them all, as they are nothing more than expensive and depleting royality plays), long advanced staged juniors. MRB MNG ANO CLG NTO GBN NSU: after Amex listing and nearer support, which would be about 1.65 US GBU.to MFN under six bucks if we got the metals correction OZN: has gotten away, closer to a buck