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  • FG Falcon fan!
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  • Member For: 21y 10m 17d
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  • Location: Canberra

With property prices flat or slightly down everywhere if you wana invest the ASX is the place to be. The All Ords put on about 20% in 2005 and should still be good into 06.

Resource stocks are the main play at the moment and gold in particular is the next metal to head north bigtime I believe.

Any mob who digs up the yellow stuff is worth a look.

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  • Member For: 22y 6m 22d
  • Location: Adelaide Hills

l was big into oilers but sold out a few months back. If l had a $100k ready to go l would be ploughing most of it into Anzon (AZA) and smaller plays into BPT, AED and COE.

  • Team Bute
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Gold?

Interesting thought......

It peaked at US$540 / oz a few weeks ago, and has pegged back a bit.

It peaks annually in October/November due to (believe it or NOT) the Indian Wedding season. Gold is the gift of choice amongst affluent Indians, and the demand always pushes the price up during their traditional wedding season.

The other reason Gold rises, is in times of financial uncertainty.... especially during global conflict such as war.

I personally think gold has had its peak for the year, and will now steadily recede back to about US$450/oz over the next 6 months.

Gold stock (share prices) always follows the price of gold. (unless there is a significant new discovery)

Nows a good time to offload any gold (stock or otherwise) whilst the price is still over US$500/oz.

"Hey darling, you know that wedding ring I gave you..... :spoton: "

tom

  • FG Falcon fan!
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  • Member For: 21y 10m 17d
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  • Location: Canberra

turbotom,

I hope youre wrong, Ive read and I also believe that gold will continue to rise. If you look at the recent history of virtually all other metals they have gone up heaps.

I recently bought Ballarat Goldfields (BGF) [from 18c to 40c over the past year] and want to get into Oxiana Resources (OXR).

Lihir Gold (LHG) is another stock Ive held which I may get back into sometime.

And I reckon BHP is a solid steady choice if one can get into it at a goodly price.

**********

Mondie,

I like the look of a couple of those stocks u mentioned but they are a little too low cap for my liking.

  • ....Time to lay this fairytale aside......
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  • Member For: 22y 2m 13d
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  • Location: In the Ferry on the River Styx, not getting out just yet!

Hey Brendan Mate.........

There's some lovely Capitalist filth over here!!! :laughing:

And don't forget mate, you can't build a case for weilding supreme executive power on a farsical aquatic ceremony. :kissmy:

  • Team Bute
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  • Member For: 21y 10m 8d
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A wise quotation for those interested in the share market:

Buy in gloom..... sell in boom

we've had a boom period, ASX is still at all time high......

I've cut back in my trading for now, and only buy if there is a well priced bargain blue chip.

I've cut back on my expectations for high returns for a while.

But then again, there is the other quote....

"Fortune favours the Brave"

I'm not feeling brave at the moment.

tom

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