nice time for a roadshow!, page-16

re: about time.... An example of market timing explained by Richard Russel of the Dow Theory Letter.

In anticipation of a market rally Richard bought a portfolio of leading + middle stocks. His friend bought a selection of what we would call speculative stocks.

As the market rose and rose Richard was ahead for the initial three years and then as the public money started to flood in his friend's stocks raced way in front in the fourth year.

The gold market has been rising for around four years and a leading stock such as Newcrest has done very well in a subdued market. Gold has just started to decouple from the $US and reachng over $AUD600 after a very long wait. In this period speculative stocks have been quiet barring individual runs on some discoveries.

We could be entering the public phase of the market say in the next six months if things work out on the gold price.

I prefer IGR as a suitable stock - a good resource, some very intelligent analysis of potential expansion and a high impact target in the Olympic Dam area.

Good news needs a receptive market to fire the stock - the long market sleep may be ending.