The New CS Board

[jumanji0881]

Wow! I've done very well with the miners. Buying a bunch of miners in 2008 has been very lucrative and I see the current pullback as potentially just as profitable. I bought a bunch of NewGold 2017 C$15 warrants in 2008 for $0.18 (I currently have 80K shares) and even with this pullback those warrants are selling for $2.34 after being as high as $5. Even Goldcorp which I bought for $3.20 in 2001 is selling for $34.67 after being over $50. The miners are extremely depressed relative to the POG. It's the cheapest way to play a move higher in gold and as gold gets more expensive, the miners become more attractive. Buy only quality at these prices though. I fully expect much higher gold prices as the global debt implodes.