Replies to post #30052 on Zeev's Turnips Patch-No Politics (ZEEV)

[Sir Realist]

ML: My screening pointed to GG as the safest bet: unhedged, good revenue growth and net return, plus a lower PE than some others. I'm less familiar with Glamis. What's the appeal there? And what of Hecla? Their mix of gold & silver seems a sort of hedge in itself.

I'm aware of the risk, but I agree that events put greater risk on the short side. Even without unknown events, I think many are choosing the metals as safe havens whenever the mkt lurches lower. The July dip was an exception, I believe, which permitted some big shorts re-entry at a better price.

[jrhana]

Re South African Golds:
I believe that selling SAs for GG and GLG will prove to be a very prescient move. There is a slow Anaconda type squeeze being put on the SA golds (expropriation by any other name). Old time gold bugs remember times past, and think they can make a quick buck, collect dividends or whatever.
I think the realization will someday dawn (and maybe soon) of what is going on and then good luck fitting through the door on the way out.

GLG has completed the acquisition of Francisco Gold and is fast establishing itself as a force. In a similar but more speculative vein is KGC.
Have any of you guys checked out the Canadian Explorers?
Claude Cormier is the authority par excellence and I have noticed he has actually started posting here. He is very low key and definitely not given for hype but has made a lot of money for his followers.