Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Clappy who wrote (28471)	2/21/2003 12:27:00 AM
From: lisalisalisa	Read Replies (1) of 36161

one thing I just don't get is how can there be all these J6P’s jumping into gold stocks (or so we are supposed to believe), yet all the gold stocks combined still have a smaller market cap than GE? Are we really to believe J6P is avoiding the stocks and mutual funds to buy futures?…give me a break. Gold mutual funds had almost no inflows over last 3 years (despite gold being the best sector during this period). Almost all the increase in gold mutual fund capital came from the appreciation of the stocks. As Schaeffer noted in contrast, the average tech fund was down 47% last year, yet money invested in said funds was only off 24%, meaning people keep chasing the tech dream. Many of the people who are now calling gold a bubble in my estimation (not you slider) never saw it coming in the first place. It went from a 22 year bear market where one justified not buying gold because it 'obviously' sucked as was evidenced by it's past 22 year price action, to being in a bubble analogous t the great tech bubble in 1 year. So now those who were not in early are saying 'it is too late'.... classic wall of worry IMO.....

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