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

To: Bearcatbob who wrote (2887)	12/4/1998 4:14:00 PM
From: Bill Jackson	Respond to of 4066

BCB, I think gold might be near an inflection point. Juniors are starting to jump a little. Who knows. Bill

To: Bearcatbob who wrote (2887)	12/4/1998 4:54:00 PM
From: Dave R. Webb	Read Replies (1) \| Respond to of 4066

I think that the logic that any of us use to make our decisions appears to be out of sync with reality. The markets do not seem to make any sense, both on the upside and downside. I detect a sense of capitulation in people these days. As contrarian indicators go, it doesn't get more positive than this. I suspect ones sense of reality can be suspended for short periods, but in the longer term, fundamentals must prevail. Yes, lots of money can be made during these periods of suspended reality, but the converse is true as well. Let's see how this movie ends. Dave

To: Bearcatbob who wrote (2887)	12/4/1998 5:13:00 PM
From: marcos	Read Replies (3) \| Respond to of 4066

Being right too early doesn't feel any different from being wrong, until your time comes. In the spring of '96 I fell in love with Canadian banks #Subject-11709 , had 80% of PF in financial service stocks, the great majority banks .... felt really stupid during the summer and early fall of '96 as they tanked ~20%, bought more on margin - the fundamentals were there - rates were coming off, bad loans coming down, bottom lines doubling and tripling. Then from ~Nov '96 to ~Jan '98 they better than doubled, better than tripled in a couple of cases, while the increasing dividends paid the margin interest several times over. Sold them all, and since fall '97 have been more or less steadily getting into golds. Way too early, and if it hadn't been for horseshoe luck trading Kinross, the paper losses would be a huge percentage. I've got +45% golds at the moment (from ~8% in '96) - the fundamentals are there imho, and the day will come. 'Capitalist Pig' sees it the same way 209.67.31.6 Add up all the current market caps of all the gold stocks on the planet, compare with the current market caps of some of the tulip bubble efforts .... fairly simple choice, imho ..... cheers, all