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


To: Winzer who wrote (866)3/22/1999 9:25:00 PM
From: Brader  Read Replies (2) | Respond to of 1319
 
I don't think that these two stocks "track" the price of gold to any extent. If you follow the big producers their prices track daily fluctuations in gold prices. Glimmer and Exall have their own intrinsic value to an investor. It's the leverage of speculation. There's no unknown to Barrick, etc. Do you think that at the current prices Barrick has a better chance in the short term to return 100 per cent and double in value or exl can go to approx 55 cents for a double . I personally believe that exl has a better chance. Of the two companies gme and exl I really don't care who has 51% and who has 49% I hold more exl only because brokers hate the vse and most uninformed investors shudder at buying anything on the vse. I believe a very important number for movement of the both stocks and more investor interest has to be 1 million proven ounces!!!