dont get sucked in the vacum, page-11

The primary trend for gold is UP.

To sell now is very foolish, imho... it'd be like selling equities in 1983... only to watch it fly for the next 15 years.

To compare the rise in gold with that of technology stocks is also very silly, imho. Have you heard your local cabby, or your workmate talk about how gold stocks as a must buy...?

No! ... this secular bull market in gold is in its infancy. Very few individuals are involved in the rise in gold up till this point.

...don't take HC as being representative of the wider investment community! - it's not.

Have a look at the Fin, and their editorials on gold- they're still very negative!

Have a look at the recommendation from brokers for stocks that will outperform in 2003 - very few, if any are gold stocks.

Talk to you relatives, friends and collegues about the fundamentals in the gold industry, and the impending rise... and they will ni all likelyhood dismiss you out of hand.


The facts are that:
1. Gold's fundamentals are very positive, and inducive to further rises.
2. The pyschology of market participants towards gold is still very negative.
3. The valuations of many junior gold stocks are still rather generous... many goldies still have not closed the valuation discount that developed during the 20 year bear market.