Doug Casey of "Intl Speculator" thinks gold will go to the moon he doesnt typically like the gold mining industry far too many negatives as a business this year he began to invest and promote gold stocks avidly "not thru the roof, to the moon" is his saying
he expects the gold sector to outperform the Dotcoms in 1990's the gold industry will be UNABLE TO PRODUCE SUFFICIENT IPO'S FOR MEETING UPCOMING DEMAND read on, very encouraging, smart guy, read on him for years
Frankly, I have a lot of misgivings about recommending people own mining stocks because I'm afraid that, for whatever reason, many view gold stocks as heirlooms. They emphatically are not. These things are burning matches or, at best, trading sardines. But the prospect of seeing them run 1,000% every cycle (even within the context of a 22-year bear market) makes them worth following at all times and sometimes owning in size if you're a speculator.
The recently ended bull market in New York is actually an excellent underpinning for the building run in gold stocks. That's because there are now scores of millions of people out there who've had their appetites whetted for "hot," volatile sectors of the market. They've lost a lot of money in the last couple of years, but they're still players. Most tend to be trend followers, who are anxious to jump on board any sector that's moving, especially if it's got a credible story to go with it.
Gold stocks are made to order for these folks. You saw what they did to the Internet stocks, and they'll do it here. Better yet, as hard as promoters will try to meet the demand by forming new companies and printing up new share certificates, I don't think they'll be able to meet the demand. People in the gold stock finance business just aren't used to thinking that big. I think the group will have a wilder ride than the Internets did. I know that sounds outrageous, but there's good reason to believe it. And, at the present moment, the downside has been washed out by a brutal six-year bear market.
ME: my littlepup Novagold (NRI.TO = NVGLF) just issued a news release with gold vein intercept discoveries the stock is up nicely in the afternoon, since the 3pm release
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