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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (285851)4/30/2004 9:23:08 PM
From: orkrious  Read Replies (1) of 436258
 
if we get a major equity melt down, the dirts are gonna go down the tubes with everything else (like in 1987).

possibly, but I think there is more likely to be a 1931 style bleed down for the market. it may just be my book talking, but I keep thinking back a few months ago to when richard russell's posted a chart of homestake mining from 1920-1940. the thing hardly had a down month. it appears that in 1929 it had a top to bottom dip of 30%, but NEM has already had that. I would think the dollar has just about shot its wad and as the economic numbers get worse, the $ is going to suck gas and gold will do well, including the miners. it's crazy for people with dry powder to not start buying the miners here.

I got into some YHOO today. at this point I don't think it matters what you short, the bear is returning.
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