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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (3283)12/18/2005 10:50:29 PM
From: orkrious  Read Replies (4) | Respond to of 78410
 
Watch out if he wins. Peru will follow and mining stocks will be worthless if this happens.

You're so full of sh*t. Talk about gloom and doom. Peru is far from dead.

You were the same way several months ago, preaching that miners suck, when you said you were selling all of your miners and putting the proceeds into energy stocks. It wasn't far from the bottom in the HUI, which has far outperformed energy since then.



To: Proud Deplorable who wrote (3283)12/18/2005 10:54:40 PM
From: TheSlowLane  Read Replies (1) | Respond to of 78410
 
I'm not sure I get the connection between the election results in Bolivia and the relative safety of Venezuela. Zambia, I could see, perhaps, but Venezuela? I thought that Chavez was the guy blazing a trail for these other guys?

I think it is perhaps a slight overstatement to say that the mining stocks will be worthless in the event that a Morales victory is confirmed. However, we would have expected nothing less from our very own Minister of Subtlety (that's you, in case you are wondering)!

Nevertheless, I am certainly keeping tabs on these developments. It occurs to me that this could have a salubrious effect on the pricing of copper and gold. If you are holding a basket of stocks with geographical diversification (one of my selection criteria), then any drawdowns in my Peruvian-based plays should be more than offset by price appreciation of the others. That's the theory anyway.



To: Proud Deplorable who wrote (3283)12/19/2005 10:09:58 AM
From: Claude Cormier  Read Replies (2) | Respond to of 78410
 
Where did you read that Morales in Bolivia is against mining?

As for Peru, the Chavez-backed candidate in 3% behind Lourdes Flores, the leader in the pole. Again, just because there is a move to the left doesn't necessarily means it is bad for mining.