Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 41.73

-3.0%

Nov 7 4:00 PM EST

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To: da_cheif™ who wrote (839)	2/9/2002 10:55:52 AM
From: Moominoid	Read Replies (1) of 206761

Yup - Aussie gold index has doubled in the last year. But if the gold price rises significantly I believe stocks like NEM will still look cheap which it doesn't seem to look now (forward P/E 34)... and then there is the e-wave picture.... presumably the correction from 1980 was a wave 2, I am just now thinking? I do have a small gold-stock exposure through the Global Resources Fund and other Aussie funds and as I mostly have Aussie Dollars I thought they will go up anyway with gold so what is the point? But I am beginning to think the rise in gold will be so big eventually, we are still in the accumulation phase... now I need to identify an Aussie gold stock for myself. In this phase I think the currency will be a good proxy for the metal. Above $US400 an ounce they will likely decouple. Then I'd want to buy physical gold or contracts or certificates. So you have gold and gold stocks?

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