Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gumnam who wrote (37682)	9/1/2003 11:12:05 PM
From: rolatzi	Read Replies (1) of 74559

If there is a big drop in the US stock market it is better to be in metals and energy directly and not through shares of miners and producers. I am a bit wary of gold miners because the share price has gotten ahead of the price of gold. Each time the stock market has had a big drop from 1987 onward, gold miners have declined more or less proportionately to the stock averages. On the other hand, September is the best month for increases in the price of gold and many say that gold mining stocks lead the price of gold. I don't trade commodities (and I assume many here don't as well) so I am thinking of one of the FCX pfd shares which are proxies for the price of gold and should not have the volatility of gold miners. I don't know if there is a comparable for oil and natural gas but I suspect that oil and gas prices will hold up much better in a market correction than the producing, exploration and service companies. Ro

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next