Comments on Fund My Mutual Fund: Bookkeeping: Both Precious Metals Stocks Drop to 5...

hi Sheng, I picked Kinross as a proxy on the group...

2008-03-22T15:09:00.000-04:00

hi Sheng, I picked Kinross as a proxy on the group. Looking at the 3 month relative performance I am happy with the results vs peers

http://tinyurl.com/33nuum

Note: GDX is Market Vectors gold miners so a basket of the bunch. Again, I'm a generalist and not a gold bug but I laid out in my initial purchase of Kinross why I liked them. Its not a 5 year hold, but for this 3-12 month period I liked their prospects the most with the least political risk as far as I could tell.

In the fourth quarter of 2007, Kinross Gold report...

2008-03-20T23:46:00.000-04:00

In the fourth quarter of 2007, Kinross Gold reported lower production at its Round Mountain gold mine and higher than expected costs. Cash costs for 2008 now look to be around $370 an ounce. Contrast that to cash costs of $195 for Goldcorp.

MarKAgain, I was doing the same thing as you... ad...

2008-03-19T10:26:00.000-04:00

MarK
Again, I was doing the same thing as you... adding more this morning to the gold names I started late yest.

When was the last time the Fed cut rates by 75 bp and Gold fell over $50/oz ????

I am not a "gold bug" but right now the PMs seem like continuing plays on the weak dollar and possible inflation, and nothing the Fed has done to cut rates or bail out banks obviates that thesis as far as I can tell.