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Comments on IAG

by Rick

Ok, humor me, are we getting another dividend before the end of the year?

Why the stock has fallen because of a one month strike at one mine seems rather excessive to me, I’d say the shorties have convinced the small thinkers this is a major problem….yah sure to a pinstripe hedgehog its a problem….not for me. Look at the reserves…look at the new discovery at Doyon….thats what will make you rich in the long run. Gold is a scarce commodity and demand is rising because fiat currency printing has run a muck. A truely great investor wants an asset that is becoming scarce and they want it long before a run up in demand. How much was a 1969 corvette in 1969 …8000 bucks …..now the same car in 2007 is probably 70,000 bucks…..why because they don’t make great cars like this anymore. Why do you think the mona Lisa is priceless…..because its a rare commodity which cannot be replaced. Gold demand is rising…not falling….the price is rising not falling….the supply is falling not rising.
iag.png
Iamgold’s production is rising not falling…its reserves are rising not falling. The short term stuff is oppurtunity not calamity. A hedgehog needs to churn profit in the short term…but can he time it perfectly to ride the rise and the fall in the commodity price…..some can some can’t. I know three very large hedehogs that lost the farm on wrong way trades in commodities. They chase the churn and now they are…. no more.
Buy the dips in the gold bull run….thats where are the money is made


Posted in Weekly Pick on April 13th, 2007

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  1. My Stock Winners » Blog Archive » The Best Time to Short AMZN is NOW –5/8 Says:
    October 13th, 2007 at 3:01 pm

    [...] be Continued…. (Meanwhile, here is a link to see my past articles of some good picks:) http://www.mystockwinners.com/comments-on-iag/ Did You Enjoy this Post? Subscribe to My Stock Winners. It’s Free! « Back Home Posted in [...]

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