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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (41603)9/15/2005 1:33:21 PM
From: mishedlo  Read Replies (1) of 110194
 
I think the biggest mistake made playing gold is to treat it as religion. I've always liked gold, and think I have a knack (or good luck) in that arena. But I also tend to be agnostic about it. Gold Bugs need to remember, gold doesn't know you own it, and is very impersonal. And almost all the companies in the sector are dogs (very difficult business), and like stocks in other parts of the market tend to get overvalued. In fact that's the problem generically with this entire stock (and bond) market, way too much risk taking, and overpaying for stuff.

I agree 100% with what you are saying and my response to him was that you get 70% of the move twice while someone 100% in all the time can get 100% at best.

Mish
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