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Strategies & Market Trends : Natural Resource Stocks
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To: SliderOnTheBlack who wrote (24952)5/17/2005 6:11:46 PM
From: SOROS  Read Replies (2) of 108786
 
With EVERY brokerage firm and ALL analysts except for the "loony" fringe like Sinclair saying "gold is dead", "sell all gold related issues", "gold couldn't even manage a decent rise after 911", "gold is not a hedge anymore", "all gold issues approaching at least 50% down now", etc. etc. etc., you'll be a genius if this IS the bottom and we don't get what almost EVERYONE is expecting -- a tiny bump followed by another wave of selling. I really cannot remember when the sentiment on gold was so negative. People think you are insane to have any money in gold right now. The game never changes. The houses are downgrading the gold stocks that have fallen the most and raising estimates and ratings on the stocks that have climbed the most and depend the most on a STRONG and GROWING economy where dollars rule and are spent MOST heavily on things like advertising (ie, GOOGLE).

I remain,

SOROS
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