A little birdy told me that bullion goes on a bull run first, and the juniors follow. We just have to wait our turn, I guess.
Makes sense, I guess. In times of panic, the stores of gold get sought after first, and once the stores are gone, the next best thing is the guys with the goods in the ground. Only difference is, the juniors have multiple returns on their side. Gold is 880 or so now, and they expect it to go to 1650; that's a two-bagger.
Cavedude had posted this some time ago, as an example:
The figure on the far right shows how much just a $1,000 investment in each of these gold stocks would have risen to from 1975 to 1980 (5 years). |
Company |
1975 price |
1980 price |
Value |
Azure Resources |
$0.05 |
$109 |
$2,180,000 |
Bankeno |
$1.25 |
$430 |
$344,000 |
Lion Mines |
$0.07 |
$380 |
$5,428,571 |
Minerals Resources |
$0.60 |
$415 |
$691,667 |
Steep Rock |
$0.93 |
$440 |
$473,118 |
Wharf Resources |
$0.40 |
$560 |
$1,400,000 |
Yes, just1,000 dollars invested in one of the 5 above gold stocks
would have brought a return of $344,000 to $5,428,571.
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Now, look at how a few of Gold Letter Alert’s gold stock picks are doing as of February 2004.
The figure on the far right shows how high $1,000 dollars invested in these Gold Letter Alert picks has risen to in just the past year alone. |
Company |
2003 price |
Feb 2004 price |
Value |
Northern Dynasty |
$0.63 |
$7.36 |
$11,683 |
Wheaton River |
$1.13 |
$5.31 |
$3,106 |
Orezone Resources |
$0.50 |
$1.12 |
$2,240 |
Mag Silver |
$0.66 |
$2.09 |
$3,167 |
Teryl Resources |
$0.26 |
$0.70 |
$2.692 |
Bralorne Pioneer |
$0.24 |
$0.68 |
$2.833 |
As you can see THIS GOLD BULL RUN HAS A LOT HIGHER TO GO if gold is headed to 1,000 dollars an ounce.
http://www.gold-alert.com/gold/gold_...
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