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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Peter W. Panchyshyn who wrote (1836)	11/9/2001 4:40:06 AM
From: stan_hughes	Read Replies (3) of 11633

Okay sport, here's the deal - it's all the data we need. This is a chart of the unit price performance of some board favorite trusts since June 1, 2001, a mere 5 months ago - bigcharts.marketwatch.com What part of this chart do you not comprehend? Or do you mean to try and tell us that the distributions since June 1st more than offset a 25-30% capital loss in just 5 months? Gimme a break. Now let's look at this chart of natural gas prices - futures.tradingcharts.com As anyone can see or remembers, NG prices topped out almost a year ago. Even if you hung in there in the hope that the original break might only be a correction, last year's uptrend was clearly broken in April 2001 when NG headed below US$5/MCF, and it didn't take a rocket scientist to see what was going to happen to the trust units. There was lots of opportunity to accept the game was over and walk between April when the writing was on the wall and June when the slide actually began. Anybody that stayed in denial and didn't step aside has IMO unnecessarily taken the hit. Maybe that best explains why you have such a sunny disposition.

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