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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.04-1.4%Nov 17 4:00 PM EST

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To: Hawkmoon who wrote (54064)6/12/2000 12:40:00 AM
From: LLCF  Read Replies (1) of 116762
 
<Did you read my entire post David?>

Uh, yea... it's not exactly a phd thesis:

Message 13865542

<Is it not possible that gold was in a massive bubble, for which it has yet to find its bottom?>

No, it's 15-20 years later... in fact if you look at what the funds own, that is not a possibility IMO.

<And just because you think investors will go for gold stocks does not make it so.>

That's correct... but I believe a rational person looking at panic's in the past [which is what I am expecting] would come to the same conclusion. In fact looking at the hicup last fall one finds backup data for that assertion IMO.

<People just don't see gold as the best investment right now. Especially with all of the new technological innovation go on at the moment. Bubbles grow, then burst, and the money flow elsewhere to form a new bubble.>

Yes, backing up my assertion that no one is in gold. Often returns are affected by % changes in money flow, not the outright amount. If even a small amount of peoples investments started to go into gold there are many several baggers out there.

<I'm sorry that the "bubble" you would like to create in the gold market will likely just have to wait a little bit longer.>

Don't need one... that would be the grandslam of all time of univeral proportions. All I need is a trickle to hit a several bagger.

DAK
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