Ron Struther's Resource Stock Report - V14 #6.2 - Long Term Investing - June, 18, 2008

Ron Struthers - you have probably heard of this gentlemen... he has made his subscribers a lot of money, +1000% over and over again. He is one of the best. I highly suggest taking the time to reading to the very last paragraphs of this post if you are a sharholder or interested in opinions of PEM.

John Lee of Mau Capital, who is a well respected international speaker and analyst has subscribed to Ron for years and beleives he's one of the most martket timers and agrees with Ron's prediction below:

May 1, 2008 - Ron had predicted 4,000 on the Canadaian Ventures Index;

"To summarize, I see right now - as the best buying opportunity we have seen since we bought in at the start of this bull market in 2001. Atthat time we seen huge gainsof over 100% on the average for our gold stocks and this is about to happen again."

Here is Ron's most recent newsletter update:

Long term investing

I get lots of emails about when this stock or that stock is going to double or move up to a near term target. But the vast majority if not everyone fails to hold a long term position and make the enormous profits.

I have had all kinds of stocks go up thousands of percent and not one email from anyone who made that profit. As far as I know, investors, including my readers fail time and time again to hold long term positions.

I don't know how else to drive this point home, sure you can take some profits out and get all your money out and multiples of it, but leave some on the table for big gains.

It is not like you have not had numerous or immense opportunity and to try and drive this home I am going to list all kinds of examples, picked in this newsletter and recommended to hold along with taking profits on the way up.

We bought Barrick Gold, Franco Nevada and Glamis Gold as penny stocks and they have gone up 50 or 100 times, not one note or email from anyone who made that profit. $1,000 investment held in any of these would be worth $300,000 to $600,000 today.

Western Silver, we bought at $0..70 and sold at $10.50, not one email. Then we bought Western Silver again at $0.90 and sold at $33 for 3,500% profit, not one email. The only stock I know that you could have made over 1,000% twice and 3,500% the second time.

Research in Motion, RIM, bought at $3.50 sold at $100, not one email 1000 shares at $3.50 sold for $100,000.

Ultra Petroleum, paid $0.50, now $95 not one email from anyone that held the stock. $1000 held long term would be 2000 shares, now worth $190,000.

Oilexco, recent and still in its growth stage, paid $0.86, now about $19 up 2,100%, not one email from anyone who is sitting on that profit.

Connacher up 700% and not one email from anyone who has that profit

Platinum Group PTM up 900% and Exeter XRC up 700% and not one email from anyone sitting on that profit.

We are up 1,000% on Goldcorp, 600% on Yamana YRI and not one email from anyone who has held the stock since the original buy price.

Up 1,200% on Cameco CCO and 800% on Haliburton HAL and Yup, you guessed it - not one email from anyone who is sitting on those huge profits

Last year Glamis Gold GLG was taken out for 1700% profit, Bema BGO was taken over for a 1,100% profit, Rio Narcea RNG taken out for 600% profit and Miramar MAE bought out for 600% profit, And once again, not anyone I know made that profit.

In 2006 we had Viceroy - VYE bought out for a 1,430% profit and that one you only had to hold for about 2 years. And we sold Alberta Star - ASX that year for 550% profit, Silver Dragon - SDRG for 470% profit and Desert Sun DSM for 390% just holding those three, 1 year. Grove Energy -GRV for 400% profit. No surprise, did not hear of one soul making those huge profits.

It cannot be that these are rare cases and I am just blowing my horn. I just listed 20 examples of the past couple years. Now perhaps everyone that reads this newsletter is very modest and never mentions any of these absurd gains. But I find that hard to believe and am afraid and think I am right, the problem is nobody holds a long term position in any stocks.

So please if you make these huge gains, let me know. It is a great feeling to know of anyone making a big kill in any stock

There is a common theme to most of these stocks, they are mostly junior companies that get their hands on great assets and have a management team that wants to build wealth. They have all made large mineral or oil&gas discoveries. Or had a dominant position in a market, like Cameco, Haliburton and RIM. There was a couple that just became over valued, such as SDRG and ASX.

Nobody can predict the future. If I would have told you Ultra Petroleum would go to $200 when we bought it and that is where it is based on stock splits. You would never believe me. And I knew their project had big potential but never knew it would be as big as it has turned out.

This is true with countless stocks on our list. Oilexco is still got huge upside on its land position. Maybe they will discovery an elephant that nobody dreamed of.

Platinum Group and Exeter keep adding ounces and making discoveries. Many of our juniors like NMB, PEM, GEA, WTM, ER, OK and FSR to name a few are making discoveries and they could be huge. We just don't know the final outcome.

All I can say is be patient. Don't be in a hurry to sell winners, especially those that are on to a discovery and still expanding it.