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Biotech / Medical : Diagnocure CUR
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To: Robert Dirks who wrote (95)9/5/2000 2:13:35 AM
From: Mr. L. Neufeldt  Read Replies (1) of 132
 
I don't buy your statement of gold doing well if a recession hits. In fact, stocks will more than likely plummet with the rest of the market. Countries and banks are selling there gold reserves. Countries no longer need these reserves for stability especially as money market derivatives can crush a countries currency regardless of gold reserves. Gold no longer is used in computer components and it's only truly marketable arena is jewelry. Now I own a fair whack of WRM, not because it's a small gold company, but because it's run well and makes a profit.
So there's always room for buying good well maintained companies. (Unless they sell buggy whips.)

Market volatility is here for awhile, I agree. However, a vast majority of these new investors will become disenchanted when they realize they've lost their life savings during the next major correction. I'm beginning to believe this correction will happen early next next year. The warning bells are ringing. I've read historical notes on past recessions and the phenomenon today is no different then in the past...it's just a different product. New investors got burnt and left the market then and it'll happen again. What can we learn from the past and how can we profit? That's one determining factor in developing a successful portfolio.
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