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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (253924)8/4/2003 6:55:15 PM
From: orkrious  Read Replies (2) of 436258
 
fleck's thoughts on gold stocks when the market crashes:

Bill:In the crash of 1987 gold stock went down with the rest of the market I am told but gold it self remained stable. Was wondering your take on gold companies and gold if a similer serious down turn in the market occurs given that the U.S. paper money is flooding the market more this time then in 1987 Enjoy your take on the financial markets Thanks

In 87 the dollar tanked bonds tanked and gold soared. Then when stocks crashed bonds rallied and gold sold off because folks thought we would have a depression and inflation would drop. Rising inflation was the fear in 1987. This is a different set of problems in 2003. If stocks tank now,it will show the fed has lost control and will freak people out. Creating more buyers of gold, imo.

fleckensteincapital.com
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