Richard Shinnick

Gold Stocks and the 1934 World Series: Swing!

I love gold, but "gold explorers" are not gold, they are not even silver. Buying gold expolorers without proven reserves reminds me of buying stocks during the dot.bomb era. I remember a pasta company (Monterey Pasta) that came out and said they were starting a website and their stock tripled overnight. Yep, thats all they said and that is what happened. So gold goes to $3,000 and some company says "we explore for gold" and we all rush in?

I don't like unknown stock charts either. Throw out a real name and lets see what happens. I agree with your overall thesis on gold though.