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January 13, 2006

Kinross re-visited, Fri., Jan. 13, 2006, 6:24 PM

Do you recall my Oct-21-05 article where I said that it was "Time to buy the golds again"? In fact I made it a headline article.

In that article, which is twelve weeks old, I recommended KGC at US$6.55 on the NYSE (KGC also trades on the TSX).

I wrote: "One goldminer I like is Kinross Gold Corporation ("Kinross" or the "Company") (TSX-K; NYSE-KGC), which just yesterday restated its financial summaries for 2003 and 2004. Have a look. The price is just $6.55 (NYSE)."

Today KGC closed at $10.36, which is a gain of +58.2 pct. If you check the charts, you will see that I picked the absolute low to the hour for the current cycle.


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This year I made some excellent calls even though one reader wondered why anybody comes to this site. I admit that I have really slacked off in the past month " from over tiredness as well as time off for vacation " but once I get my busy work done in the next couple weeks, I promise I'll start making specific recommendations, and a lot of them.

I'll get back in sync. You'll see.

Posted by Posted by Bill Cara on January 13, 2006 06:24:09 PM | Category: Goldminer Producers

Discourse

Bill:
I'm retired and live on a fixed income. My investing firm has warned me to stay very conservative with the few assests I have but from that view point, very little changes to my bottom line, especially last year. I've been reading your website for about 1-1/2 months now and although I don't understand all the abreviations and symbols, it was a no brainer to reach the conclusion to move now into GOLD. I bought a gold mutual fund Friday the 13th and guess what? one of it's heavy hitters is Kinross.
BTW, is it all right to ask questions?
C.Note

Posted by: C.Note [TypeKey Profile Page] at January 14, 2006 10:17 AM [link]

C Note-

You will be surprised, but Bill often answers questons from the comments directly. If he doesn't , longtime readers often try to help. What he won't do is answer questions like Hey what will stock X do here?

Best...

Posted by: MarkM [TypeKey Profile Page] at January 14, 2006 10:52 AM [link]

I can tell you exactly what stock X will do here! It will either move up, move down, or be flat. The trick isn't to know what the stock will do, but to expose your capital only in positive expectation situations over and over and over again.

Posted by: jontait [TypeKey Profile Page] at January 14, 2006 12:37 PM [link]