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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 (28487)	3/12/2005 12:31:09 PM
From: russwinter	Respond to of 110194

<is more risky than being long gold miners that carry a 50x PE > Absolutely correct, and not at all different with what I've been saying, which why I don't use producers, and instead seek out much lower valued munch situations, and juniors that at least have half assed decent managements (difficult I admit). The miners will need these in order to even be around in the 2010's. Right now my gut, and it's just a gut, is that the sentiment cycle in gold today, isn't quite where it is in energy. I could easily be wrong though, especially if the Wizards stick with their liquidity tightening. As this process goes on and the price of POG trends higher, with more specs on board, I'm prepared to change tactics. One could make the same argument about energy too admittedly, so it's just a tea leaf reading exercise isn't it?