The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (215702)	8/14/2009 2:40:01 PM
From: orkrious	Read Replies (2) of 306849

Pretty impressive drainage on the HUI today.... The HUI is down 3% while PoG has been clocked for $9, the spoos are down 1.5%, and the dollar popped a mini woodie. In the past that would have caused a 6% drainage. I think stuff is hanging in there pretty well. We'll see how it does with continued stock market meltage. Meanwhile, two of my three largest holdings, MFN and NGD, are barely red. On Hoye's recommendation I sold a bunch of stuff near the open: SSRI, AUY, and IAG, but I'm still pretty fully loaded. If the stock market stays weak not much will remain unscathed, at least initially. But many of the juniors are still dirt cheap. I'd expect them to show pretty good relative strength.

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