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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 (47552)	8/19/2007 12:44:42 PM
From: LLCF	Respond to of 78419

An ugly week for sure... and a good example of why one sells when everything looks to be going to da moon! I think there is (hopefully 'was') a lot of "hot money" in all this stuff... DAK

To: Proud Deplorable who wrote (47552)	8/19/2007 3:51:58 PM
From: E. Charters	Read Replies (1) \| Respond to of 78419

You are wrong in this assumption utterly and completely, (I believe in my humblest of opinions), which if you knew what was good for you should be yours as well. Speculative stocks with attendant leverage is where you should be. I think you meant hopeful "noderately priced" plays that are higher risk, as they hope for unreasonable reward.. in that you are a genius. Yes, the $1.00 driller HAS to find a mine.. but the 15 to 50 cent starter does not .. all he has to do is get where the $1.00 driller is now. Unless GCR finds a huge nickel discovery it will not go above 3 dollars. In production with a smallish mine with its shares out it cannot rise above 3. If it were 15 cents I would sell my house and car to buy stock. Which brings us to Donner and GQC. Now one drill hole even of 142 metres and one grab sample of 1% nickel do NOT make a mine, unless I missed a course or two somewhere. But what are the chances given their prices.. GQC and DON...? well that is an animal of a totally different shade of hew. If 142 metres of mineable sulfides does not impress you let me tell you it only makes me queasy because they are a LONG time coming up with a similar hole. I don't know if GQC is a rocket ship but they may have something. Ditto the ore picture of First Narrows, which is discounted strongly. People have backed off their seeming minimalist approach. DON is moderately priced. If it goes to 5 metres wide in the drilling, I would buy it on hope. During the great depression smallish speccie golds abounded and did well, and many mines were started up until 1942 and the government essential minerals act. (Kirkland Lake boomed in the 1930's.) But after a certain period during the war the gov't. did not want people in any mines except war metals and energy. 1934 blunted the spear a bit, but basically speculative stocks in gold did not do badly until 1960. Speccies will undergo initial weakness if there is any more drop back. and during sell offs to cover positions and to gain money shorting futures, metals will initially fall back. But following the base being achieved, no better investment will suit than pure speculation on large leverage. And gold will be golden. No way they are going back to fixed gold price. There is no way to go but up in gold stocks. **********************************