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

To: loantech who wrote (4727)	1/14/2006 1:03:44 PM
From: jackjc	Read Replies (3) \| Respond to of 78426

No Tom, Mining sh should be priced at about 7 times earnings to be conservative as earnings fluctuate so much. But the metal price is expected to ramp and sh get that put in at times. And some jrs like GGC are expected to acquire and grow earnings that way. And others that are mining and have had difficulty, they lose that forward hope. Biggies like PD never sport such multiples, not expected to grow at such rates. So while its earnings in the long run, jrs don't have a long run, mining is highest volatility of any sector. We buy when they look hopeless and sell when people are demanding lotta sh. Funds in europe are buying GGC very heavily some days. And many others are getting 2-4M sh days, up from few thou. Promotion and greed are surfacing, and it could go a lot further. No way to know the top. I like the selling on the way up theory. You don't calculate this stuff, you oppose the emotion, but only when its at an extreme. And you have to guess where that it, no calc. And then you have buy when others just don;t have the guts to, and sell when thoughts of untold riches are creeping in. Like Rick Rule says, its very hard to do.