Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (63907)	5/16/2005 6:52:19 PM
From: Snowshoe	Read Replies (1) of 74559

>>TJ's gullible followers<< TJ made great trading calls on the gold miners and earned plenty of profits. But a couple years ago he asked the rhetorical question: "What happens if oil goes to $100/barrel?" My answer is that the gold miners will go broke! Look how the price of NEM is crashing compared to the price of gold... finance.yahoo.com If the trend of higher energy costs continues, then more of the gold demand will be met by gold coming out of storage instead of being mined. Jay was smart to dump his miners but keep his physical gold.

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