Hello Bill,
I hold mainly junior gold and silver stocks including WGDF/WGI. Many of them have had little appreciation during this last $65.00 rise in gold. I read somewhere yesterday, maybe on your site that money is being directed from juniors to ETF's for gold and silver and mining stock ETF's.

What is your opinion on this?

Anxiously awaiting your blog on Western.

Thank you,
Tom

Hello Bill,
I hold mainly junior gold and silver stocks including WGDF/WGI. Many of them have had little appreciation during this last $65.00 rise in gold. I read somewhere yesterday, maybe on your site that money is being directed from juniors to ETF's for gold and silver and mining stock ETF's.

What is your opinion on this?

Anxiously awaiting your blog on Western.

Thank you,
Tom

Bill sorry about the double posts. My computer seems to be working very well but when I post a comment it seems to drag. Not sure why it is posting double as I tried to preview the post before submitting.
Tom

Bill, I look forward to your cara 100's in different categories, such as domestic and foreign groupings. Curious if you have any suggestions about my planned approach. I'm doing relative strength investing based on alpha. Trying to keep it simple with just one technical screening indicator (alpha). Diversification, theoretically, is created by using different alpha periods and by using different asset groups (much along your etf groupings). An expected portfolio (20 positions en total) will then be a blend of broad etfs, more narrow etfs, and stocks.. Following a top down perspective, I'll favor stocks that are consistent with the etf sector selection. However, I would like momentum based selections to be distributed among stocks that are value, and those that are more growth oriented. I do not just want to chase what is currently highest. If all this seems reasonable to you, when you create cara stock groups what do you think about the distinction of value vs growth? Value could refer to low pe as well as something more technically defined (underperformer with good price base).

If I may raise another question, what's your opinion on timing between equities and cash? In the world of traditional advisors, neither relative strength nor timing is well received. For me it has done me well (when applied to my tax advanataged account) but I need external guidance (such as yourself) that allows for less stressful decision making. Any help in this area, ie percent cash, would be quite useful. Thanks, Bill

I am also holding WGDF and wondering why it is going south while gold is headed up. I read on another blog recent exploration findings were weak. Any comments?

sliman,
The new grade is actually higher than the leached grade in the past. WGI has updated their presentation. The prior one showed the past grades about .6-.7 g/t average if I remember correctly.The number on their current slide show are:
Proven and Probable Reserves of 2.36 million ounces
(130.9 million tons averaging 0.018 oz/ton gold)
􀂃Measured and Indicated Resources of 1.25 million ounces
(74.4 million tons averaging 0.017 oz/ton gold)

http://www.westerngoldfields.com/i/pdf/WGI_Feb_2007b.pdf

They also have 235,600 ounces in inferred:
the Mesquite Mine hosts an Inferred mineral resource (exclusive of reserves) of 12.4 million tons at an average grade of 0.019 oz/ton gold.
http://westerngoldfields.com/s/Projects.asp?ReportID=146705

Current assays appear to be of an average higher grade:
The results received for the Brownie Hill zone include an additional five holes, confirming the dimensions and grade of the previously identified inferred resource. Hole WM16 intersected 230 feet of oxide mineralization averaging 0.024 ounces per ton of gold, extending the inferred mineral resource approximately 150 feet to the northwest along the targeted trend of mineralization. Approximately 31,000 feet of drilling in 38 holes has been completed at Brownie Hill, providing drill coverage on a 140 foot by 140 foot spacing. Results have been received for 12 holes to date, and results for the remaining holes are currently being analyzed.

The Company received positive results for two holes drilled at the Big Chief zone, identifying additional oxide and non-oxide mineralization below the previously mined pit. Two condemnation holes, WM05 and WM06, drilled to sterilize areas for in-pit waste storage, intersected significant oxide and non-oxide mineralization. Drill hole WM05 intersected 70 feet of oxide mineralization averaging 0.044 ounces of gold per ton and 370 feet of non-oxide mineralization averaging 0.024 ounces of gold per ton. Drill hole WM06 intersected 115 feet of non-oxide mineralization averaging 0.025 ounces of gold per ton.

At the Vista zone, a total of four drill holes have been completed on the Vista mineralization trend targeting the non-oxide mineralization at depth. Initial results received for two holes include 365 feet of non-oxide mineralization averaging 0.021 ounces of gold per ton in drill hole WM18.
http://www.westerngoldfields.com/s/NewsReleases.asp?ReportID=170047&_Type=News-Releases&_Title=Western-Goldfields-Reports-Exciting-New-Drill-Results-at-Mesquite-Mine

Golden 7
Thanks for the post. So would you buy more WGDF on this pull back or wait?