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Gold/Mining/Energy : East Asia Minerals (EAS.V) -- Ignore unavailable to you. Want to Upgrade?

To: riversides who wrote (906)	5/16/2010 2:50:35 PM
From: zoo york	2 Recommendations Read Replies (1) \| Respond to of 2456

Hi Riversides! I agree there is the potential that the sector may trade sideways for a while yet no matter what the metals do. However I think this sideways process has been overdone already. If one measures the price of a basket of juniors relative to silver or gold, we are already at multi-decade lows. I think as gold and silver climb the retail investors are going to start paying attention to the stocks. And since a tiny fraction of investors are in the sector at all, when money flow starts to come in, there will be a few huge winners that get the attention of the rest of the market. This is how all major market manias are born. Case in point is the tech mania in the 90s that went on for many years but only got the focus of the retail dumb money (I was one of those dumb suckers buying at the top) in the last year or two of the move. I do not think gold will be any different. When we start hearing about stocks that are running hard for no other reason than the fact they have 'gold' in their name, then we know the dumb money is on board. I think it is inevitable that day is coming, and hanging around with patience to buy the good juniors cheaply is going to pay off. cheers! mike