GREY:GUYFF - Post by User
Post by
investor2003on Apr 06, 2007 6:55am
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Post# 12560948
I love this
I love thisI see more and more people losing interest in gold and going to good old base metals or insane uranium valuation stocks, this means the gold stocks are undervalued and represent much lower risk. I am very bearish on all base metals...even energy EVEN uranium. I am a contrarian but when I see people saying uranium could go to any price and people talking about how hot moly stocks are when I see plunging real estate data (Canada Feb sales plunged 22%, while US RE is in total collapse mode with inventories of unsold homes at 8.1 months and almost 7 million houses for sale (new+existing)), and don't share at all your bullishness.
In fact, I see a carnage in the makings for base metal stocks any day.
Valuations seem cheap but that's on all time high metal prices! Gold is the most undervalued metal, including silver.
I predict a carnage in the stock market (other than precious metal stocks) like in 2001-2002, when hui went from 40-160 while DOW went from 10000-6800. However, with money printer Bernanke, it could be more shallow but make no mistake, each day going by makes gold cheaper and cheaper. I love buying undervalued assets and right now, that's the only thing I can find.
my weekend 2 cents