Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bald Eagle who wrote (139)	3/26/1998 5:49:00 PM
From: Phil Jacobson	Read Replies (1) of 13094

Wiseowl, Off topic, sort of... I met with a financial advisor (a real one, not the ex-insurance guys from Amex) and he showed me the math of how a 5% position in gold is a great way to hedge your position in a serious downturn - but no more that that. I see use of gold as simply insurance on your portfolio. Any more than 5% and you're then trying to make money on gold, not just trying to hedge your portfolio. That can really cut into your gains during normal times - those gold funds have dropped an average of 20% per year. Insurance is meant to help you survive, not make you rich. That's what the rest of the market is for. Just an opinion... Phil

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