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Gold/Mining/Energy : GSS-Gold Star Resources -- Ignore unavailable to you. Want to Upgrade?


To: Richard D who wrote (152)10/26/2007 6:26:39 AM
From: sammaster  Read Replies (1) | Respond to of 200
 
i agree with you...but usually when gold makes such a parabolic move it pulls back sharply...
the HUI always anticipates this move and begins to flatten before gold drops...
however i do also agree that gss is way undervalued at this point and price should be way higher even if gold drops to 700.
most people though dump all gold stocks when gold goes down reflexively without looking at underlying value.
it could get away from me...but im counting on years of management dissapointing investors that funds have been trained to only buy once they "prove it"
i still have a position in gss so even if it goes up now i would still be happy, just not ecstatic :)