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Re: baldrick post# 66501

Saturday, 02/24/2007 3:05:36 PM

Saturday, February 24, 2007 3:05:36 PM

Post# of 147273
OT: Miners. the ones I am in are listed on US exchanges, often in addition to Canada. My favorite sweet spot remains emerging producers, either pre-production or just into production. Aurizon is one there (AZK on AMEX and something else in Canada).

GDX is an ETF based on the AMEX Gold Miners Index -

I also hold GRS, GSS, SLW, MFN, MNG, SA, and AUY. Just read that Novagold got permits for its Galore Creek mine, but capital costs are going to be hefty.

Of those I would guess that AUY - Yamana Gold may be my favorite - they just put a new gold/copper mine into production in Brazil.

The one thing I would watch for would be country risk especially with smaller companies that may only have one or two mines - lots of talk of nationalizing/unfriendly environments in some Latin American countries.

My preferences are Mexico, Brasil, Honduras, Canada, the USA, particularly Nevada.

JimisJim has been doing some fundamental analysis on some miners, he may chip in with an OT post. I tend to shoot from the hip a bit more than he does.

Honestly, I think we may be at a time where one could throw a dart at precious metal miners and do pretty well -but I could (and have been) be way off base on that - and ETF for mutual fund would be a way to get back into it as a sector investment with less time invested in DD.



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