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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (76267)6/19/2003 6:39:24 PM
From: Perspective  Read Replies (3) of 209892
 
Yes, the risk/reward is IMO the most important part of a trade, and the historical situation with gold presents a compelling risk/reward: extraordinary potential reward with very limited risk. Reflation is successful, inflation goes up, gold goes up. Reflation is unsuccessful, Fed devalues paper even further, gold goes up. People look for hard assets, gold goes up. And with the unbelievable lack of common wisdom about gold and the smart, seasoned types that are into it, it is very appealing indeed.

Only thing more appealing is commodities, but I haven't yet figured out good ways to get involved in a buy-and-hold fashion. Got one or two mutual funds, that's it. Talk about your underappreciated sectors...

BC
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