Monday, October 14, 2002 12:08:07 AM
From: SliderOnTheBlack Sunday, Oct 13, 2002 5:01 PM
View Replies (1) / Respond to of 20235
Loantech..re: Gold Stocks
I think most of us like the usual mainly unhedged suspects:
NEM GG AEM GLG MDG KGC - No Amer Golds
HGMCY GFI DROOY - So African Golds
PAAS CDE HL SIL - Silver Stocks
FCX - gold/copper - huge reserves...discounted due to Indonesian political risk...which may get worse.
I don't follow the small/micro caps/ Jr/Explorers as much as others do... small caps - KGC/DROOY CDE/HL give me plenty of volatility & leverage.
For an initial entry/basket - If I had to limit it to 5 stocks - perhaps NEM GG HGMCY KGC PAAS....weighted in that order; which gives you some Lg/Med/Small Cap balance; with No Amer weighted safety, but a little So African/small cap leverage; with PASS as imo, the most solid/safe risk vs reward Silver play.
Go slow, be patient, don't get greedy; ease into this pullback - use & gap limit buy orders if this is an intial forray into the sector.
Good Luck
MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
http://www.angelfire.lycos.com/goth/augieboo
View Replies (1) / Respond to of 20235
Loantech..re: Gold Stocks
I think most of us like the usual mainly unhedged suspects:
NEM GG AEM GLG MDG KGC - No Amer Golds
HGMCY GFI DROOY - So African Golds
PAAS CDE HL SIL - Silver Stocks
FCX - gold/copper - huge reserves...discounted due to Indonesian political risk...which may get worse.
I don't follow the small/micro caps/ Jr/Explorers as much as others do... small caps - KGC/DROOY CDE/HL give me plenty of volatility & leverage.
For an initial entry/basket - If I had to limit it to 5 stocks - perhaps NEM GG HGMCY KGC PAAS....weighted in that order; which gives you some Lg/Med/Small Cap balance; with No Amer weighted safety, but a little So African/small cap leverage; with PASS as imo, the most solid/safe risk vs reward Silver play.
Go slow, be patient, don't get greedy; ease into this pullback - use & gap limit buy orders if this is an intial forray into the sector.
Good Luck
MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
http://www.angelfire.lycos.com/goth/augieboo
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