[Republicus2001]

Gold mining stocks will do well today. Everything else is pretty dicey.

when i was in high school in the mid-sixties our advisor in our Business Club recommended we "buy" Benquet [sp?], so-called largest gold mine company. at the time it was trading around $5. Over the years from time to time I would look at their listing and the last I remember seeing it, it was at around $2-3, forty years later....

[rohry]

"Over the years from time to time I would look at their listing and the last I remember seeing it, it was at around $2-3, forty years later...."

Of course that fact doesn't mean that there wasn't a period of time where that company was a good investment. I bet if you check the stock price for them in January of 1980, for example, there would have been a pretty good runup. Your advisor was probably right for 14-15 years.

Stock prices from the mid 60's to 1982 were flat but that didn't mean that there would never be a reason to invest in them in 1983 or 1985. Witness 1983-2000.

A good investor follows Ecclesiastes 3:1...
To everything there is a season
and a time for every matter
or purpose under heaven.