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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (117286)8/17/2001 10:01:17 AM
From: Earlie  Read Replies (5) of 436258
 
Luc:

I haven't bothered to check this out, but some sharp investors I know tell me that one can expect gold stocks to sell down with the rest of the market in the early stages of a crash. Why? Everybody is looking for liquidity, hence every stock they own is for sale, including their gold stocks. Since those few who have cash are looking for gold stocks, there is at least some buyers around, albeit at lowered prices. Once the initial blood-letting is out of the way, then gold stocks gain traction and advance.

At this end, I own the golds as a currency hedge anyway, so they stay in the accounts. (g)

Best, Earlie
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