Forum Archive Index - May 2002

["ryanrite" <ryanrite@xtra.co.nz>]

TKR looking good moving up still Go gold
----- Original Message -----
From: "Steven Tong" <soarer2@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, May 30, 2002 6:31 PM
Subject: [sharechat] Gold Stocks


> At last some people on this site have jumped off the fence and said what
> they really think, its sure took some provacation from  Nick Kearney.
>
> Sold the last of my families gold stocks today   LHG @ 1.58 on the open
and
> AOR on Tuesday at $ 4.47.
>
> LHG    24.2 %    return  in 40 odd days
> AOR   40.1%     return  in  20 odd days
>
> These trades stood out like dogs balls, hope some of you got in on the
> action. Some people back words with their wallet, others don't.
>
> Will look to reenter LHG if gold has a correction downward before it
resumes
> its march North, if not so be it.
>
>
> Gold - who cares I 've made my money.
>
>
>
>
>
> ----- Original Message -----
> From: <tennyson@caverock.net.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Friday, May 31, 2002 6:13 AM
> Subject: Re: Re: [sharechat] I have no gold shares! Alternative Strategy
>
>
> > Hi Mr Nua,
> >
> >
> >
> > >
> > >
> > >The fact that many posters here dismiss some of the Gold postings as
> > >"Gold nutters", disguises the fact that there have been (and may
> > >continue to be) some good gains to be made in Gold stocks. The
> > >graphs below show the Spot gold price from 1979 and a close up of
> > >the current price. Not too sexy up until a few months ago. But few
> > >can deny that there has been a definite change in trend.
> > >
> > >The situation reminds me of the internet stock explosion. Many
> > >posters using fundamental analysis were glad to see the end of the
> > >dot boom. Comments like "Warren didn't invest in it because he
> > >didn't understand it" and "Punters investing on air" hid the fact
> > >that there were 100's of %s to be made if you had your exit
> > >criterea in place.
> > >
> > >
> >
> >
> >
> > I think that is a fair summary of the situation, albeit I would say
> > the gold punters of today are perhaps more savvy than the internet
> > punters of a couple of years back.   The gold punters at least
> > realise there is a limit that is set somewhere below the sky ;-).
> >
> > I think the main point that gold investors need to bring to mind is
> > that I haven't seen a discounted cash flow analysis based on the
> > demand for gold *products* that justifies a price of $US800 an ounce.
> >
> > If gold does reach that price, I think it will be because of a
> > speculative bubble of fear, manifesting itself as a greed for gold
> > irrational run up.  The key point if playing with gold, as Mr Nua
> > empahsises, is to have an exit strategy in place.  I'd say this is a
> > strong case for using T/A.
> >
> > If I was investing in gold, I would certainly go for Gold shares,
> > rather than the metal, as at least the shares pay a dividend.   So I
> > don't regard those of you who invest in gold shares as 'nutters' at
> > all  (that word may have appeared in my last post, but it was a
> > quote from someone else).   Just as long as gold share investors
> > realise they have the same potential to get hurt as those who piled
> > into the tech boom without an exit strategy, I regard my point as
> > being made.
> >
> > Myself, I have limited time to devote to investment matters.  I
> > can't be hovering over a screen every day, and I have a only very
> > small exposure only to the US market.   So rather than follow gold I
> > intend to look around a bit on the US market for shares that are sold
> > down in distress, much like 'Coke' was twelve or so years back.  I've
> > no doubt that Warren will be having a good look around too.  But it's
> > a big market over there so I think there will be enough shares for
> > both of us ;-).
> >
> >
> >
> > >
> > >
> > > Posters should understand that simply because your strategy is
> > > different to others, their strategy (or yours) is not necessarily
> > > wrong. Anyone who is making money on gold stocks right now - Good on
> > > you. Everyone who is making money from regular dividends - Good on
> > > you too.
> > >
> > >
> >
> >
> >
> > Fair enough.  There's room for everyone in the 'sharechat' chatroom.
> > It just seemed that lately the gold faction had crowded everyone else
> > out over the last few days.
> >
> > SNOOPY
> >
> >
> >
> > ---------------------------------
> > Message sent by Snoopy
> > e-mail  tennyson@caverock.net.nz
> > on Pegasus Mail version 2.55
> > ----------------------------------
> > "Dogs have big tongues, so you can bet they don't
> > bite them by accident"
> >
>
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> >
>
>
>
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