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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (23489)	10/14/2009 2:40:22 PM
From: Real Man	Read Replies (1) \| Respond to of 71442

Yep, all SA stocks did poorly, but DROOY is especially a POS. Deep underground mines, high costs. Miners ain't gold, and there are risks involved. SA miners just went flat or down, right from the top of their big rally in mid-2002. Last year HMY, GFI, AU and DROOY traded near all time lows of 2001. The whole SA gold mining industry can be bought at 1990-s prices, which is surprising.

To: Horgad who wrote (23489)	10/19/2009 12:35:38 PM
From: Real Man	Read Replies (3) \| Respond to of 71442

Yup, DROOY is a value play - no debt, no hedges, lots of cash and underground Kruggerands at $4-$5 per Oz, whereas for most those are valued above $100 per Oz. It's a POS that can fly. Here is an example (Of course, this was the year of the POS). We have entered or are about to enter the bubble/mania phase in the gold market. Buckle up and enjoy. It is amazing you can find gold stocks that are still valued like it's 1999. This will NOT be the case once the mania gets going. <G>