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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Don Earl who wrote (22110)5/19/1998 10:17:00 AM
From: dwight vickers   of 42771
 
Don,

As memory serves gold has a mixed record in bear markets, and the metal can even act differently from the mining companies themselves.

I believe it responds to other stimuli.

With stocks this high, and metals this low, it could simply become a "safe haven" for troubled times. When enough currencies wind up getting hammered?

Contrary to popular belief it has been more of a hedge against "deflation", and not "inflation".

Since I'm a believer that the threats are all on the deflation side, and we've been in an 18 year bear market, I'm very comfortable building a position in gold and silver.

Dwight

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