James Bay Lowlands & Bob Lake Saskatchewan

Yes, a BIG HIT and only more big hits are coming

Free
Message: Re: Comments On The Points - obg

Re: Comments On The Points - obg

posted on Apr 02, 2008 08:10AM

Not to worry obg, I think its a bit unbalanced also. (Not to mention how Prez's get an automatic boost upon promotion). Sometimes these things stick out like a peacock strutting around but in the end, it should not matter to the average reader.

What matters is what someone says and how they say it (as much as is possible via the written word). Nobody should be penalized for having a negative opinion (believe me I have been hit a number of times for not toeing the line on Agoracom) and if it was all about patting each other on the back then I would have been gone a long time ago. I highly encourage the good and the bad whether they are opinions or factual...but educated opinions are more appreciated by the readers I'm sure).

As for BMK, I think we are getting tired of the daily chipping away of the daily SP not just here but on many of the juniors. If it offers any encouragement, here is an excerpt from an article at Kitco that should explain why waiting this out is worth it. This applies not only to gold but to nickel, silver, copper and all other metals being discovered by junior exploration companies. Hang in there just a little bit longer.. :

------------------------------------...

http://www.kitco.com/ind/Wright/mar2...

Interestingly in past uplegs about half of an entire upleg’s gains are realized in this final third. And it is these massive late-upleg gains that typically give gold stocks the positive leverage that investors expect. This final third is also where the unloved juniors come into play.

Since most juniors are too small for institutional investors and fund managers to trade, and individual investors aren’t as exuberant early on in an upleg, they typically don’t get very much early attention. So while gold stocks indeed rise with gold, the juniors often suffer a lagging effect.

But since it is the individual investors that typically drive the fortunes of the juniors, when they get excited the juniors take off. And as we know from previous uplegs, it isn’t until the end of an upleg when the majority of individuals captures this excitement. So naturally with large increases in capital chasing the small-market-cap low-volume juniors, the environment becomes ripe for rapid ascents of these stocks.

Ultimately while at times it is very frustrating owning junior gold stocks, it should not be a surprise that the performance of this group is inadequate in the first part of an upleg. Trader sentiment gradually improves as an upleg progresses, and when greed waxes extreme individual traders inevitably pile in to the juniors and fuel colossal gains. Juniors are the greatest beneficiaries of euphoric spikes.

2
Apr 02, 2008 09:45AM
6
Apr 05, 2008 05:55AM
4
Apr 05, 2008 06:02AM
4
Apr 07, 2008 08:21AM
1
Apr 07, 2008 11:58AM
Share
New Message
Please login to post a reply