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Author Message  hailoh Member Username: hailoh Post Number: 269 Registered: 04-2003 Rating: N/A Votes: 0 Saturday, October 25, 2008 - 08:19 pm:     It is probably way too early to think about buying at the market bottom, given the volume of talk about deflation and a long recession involving most markets for resources. Amongst the casualties of the markets are miners with established operations suffering from low resource prices and the added disadvantage of requiring additional funding for optimising their operations, quite apart from exploration. I describe them as having completed their main ore stockpile chart patterns, though there will be to-ing and fro-ing yet to come. CC in another thread identified MRE as one, and PNA is another: How many more are there that might well be put on the shopping list for cheap acquisition bye and bye?  polpak Member Username: polpak Post Number: 5 Registered: 07-2007 Rating: N/A Votes: 0 Sunday, October 26, 2008 - 12:17 pm:     Perhaps Newcrest NCM ? Gold as traditional refuge against political currency movements, appears to be floating around a bit, not sure how much is due influence from politics and trade movements. Perhaps short term if understood current drop. Longer term where lower production costs and then lower loan ratios. Longer term, expect outlook for gold to be reasonable, with rising number consumers capable and desiring to purchase. Many of these due rising living standards in China, India, Africa, etc which expect to slow but continue.  tryhay Member Username: tryhay Post Number: 1199 Registered: 09-2005 Rating: N/A Votes: 0 Sunday, October 26, 2008 - 05:44 pm:     Hi hailoh hailoh wrote on Saturday, October 25, 2008 - 09:19 pm: How many more are there that might well be put on the shopping list for cheap acquisition bye and bye? Good idea to plan for the future, but it is still too early to buy up big IMO. There is a smorgasbord out there ~ I can not believe that MRE is trading at 3.5% of its high from May 2007, but I note the 14 Yr low of ~14.5c is not that far away with the indicators looking poor still. A favourite of mine is JML ~ now trading at ~ 5% of its high at October ’07. ~ could very well go to ~5c (August ’01 low). IGO is another that is now `14% of its March ’08 high but may just get to 87c if the previous examples play out. All depends on the current consolidation (bearish flag on mmost world markets) playing out of magicing a turnaround ~ no prise for guessing the final outcome.... Happy trading DYOR

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