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


To: Claude Cormier who wrote (55547)1/19/2008 2:26:10 AM
From: Proud Deplorable  Respond to of 78416
 
The Takeover Targets that Aren't

After reading this article I'm getting out of all juniors except those who are financed well enough to avoid predators like Barrick. Why I stayed as long in this corrupt field is a mystery and I'm sure others are reassessing their so called investments as well. This industry, for this lurkers here, is by far one of the most crooked rigged industries out there. I know, I live in Vancouver which puts me at a distinct advantage in making this statement. This FACT probably accounts for wilder than average swings in share prices compared to more stable investments. We are in a bear market in junior gold explorers and have been since August as 90% of all explorers that were hit have not recovered and are making new lows, many sinking off the charts.

It is not unusual for many juniors to lose 20% of their value in one session but most unusual for stocks in the broader markets to do this. I don't invest in the broader markets anyway, just an observation.

I'll stick with CKG because it is highly manipulated so that it is not subject to wild swings so I feel OK with it although I am disappointed in Randy's investment antics. Fact is he's a lousy investor but a very good geologist.

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To: Claude Cormier who wrote (55547)1/19/2008 2:45:08 AM
From: Proud Deplorable  Read Replies (2) | Respond to of 78416
 
Claude, we would value your opinion on Barrick and its effect on our investments especially pertaining to takeovers that won't benefit us us MM suggests in the post below this one.

Without waffling please, what is your opinion of Barrick? Do you or do you not side with our friends who wish Barrick was dead? Recall the Barrick took over the absolute worst criminal mining company on the planet....Placer Dome. Does anyone know if any of those scumbags are working for Barrick now?

Man this industry SUCKS! I'm sick and tired of losing money to outright criminals, directly or indirectly.