To: J.L. who wrote (3381 ) 4/8/1998 1:05:00 PM From: Eric Freeman Read Replies (2) | Respond to of 4571
If you are smart you will sell, or trade out on any rally- Why? I wrote on March 6/98 Post 3159 -" Look guys face it , this is just another of many junior speculative plays with too much stock out, and not enough of the real stuff - Gold that is. Most of the talk here is just wishful thinking. Truth is most of the story does not add up to much of anything yet. MAY GET PROMOTED UP AGAIN(look at chart) and be a trade, but unless something real substantial comes soon, I see much lower - believe it or not, but its your money, so go by your own analysis. However if your making your decision based on this thread I suggest you read the whole thing to see just how wrong most have been here, and also how the story has changed over time." Nothing has changed - we had the little run I mentioned - a lot of talk etc. But consider - the gold stocks have all been moving up and the price of gold is firming. Take a look at the BCMD chart. Believe me, if there was major gold find it would NOT look like it does. What else can one say? By the way, I did trade in and out on that little rally. Always willing to run with the hype - but you have to be very quick. Next opportunity probably at .50 Long term holders here - why? There are just too many other great gold mines on the move, with big reserves and more potential. For SPECULATION I like BGO and RYO for high leverage to gold price. If gold(AND OR COPPER) moves strongly - they will really take off. Both still inexpensive - YET risky. Take a look at the proven reserves of these two for a starter. If you want pennies WIM - Toronto, ELD - Toronto, or real long shot TVI - Toronto. If you just want to follow the gold price and lack knowledge - buy a good gold fund. Eric Eric