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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Alex who wrote (51044)4/3/2000 9:14:00 AM
From: LLCF  Read Replies (1) of 116759
 
<Richard Scott-Ram, chief portfolio strategist at the World Gold Council, said gold was the most negatively related
asset class to stocks. "Gold is so low compared to how high stocks are that there is a huge case to be made that you are buying portfolio insurance by buying gold." >

We have had test's of this during financial turmoils... most recently in the fall '98 'tech wreck' gold stocks went bananas. That was proof enough for me that gold stocks have negative B's and will fly during stock market crashes.

DAK
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