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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (51294)5/11/2002 10:25:35 AM
From: t2  Read Replies (1) of 65232
 
JW, In the event of a big drop in the stock market, how can Gold stocks avoid the plunge? This is the issue I am trying to wrestle with.

Sure if Gold price takes off one would think that stocks would do well...but will there be any serious buying of these stocks in the event of a market crash?
Could the gold stocks start falling even if the POG goes higher.

I don't know if I posted that article that makes a case for Dow going higher if dollar plunges.....of course the buying power of the dollar would be less..and that is the logic behind a higher Dow.
The author made that case that Gold would do best.

I do think that in a slow steady Nasdaq or Dollar decline, Gold stocks would do well.
The other odd thing is that my feeling is that safe stocks will start ralling if the dollar starts to plunge further; a rush out of treasurie and into stocks, away from paper currency in to real hard assets and that includes many safe Dow stocks.
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