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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: orkrious who wrote (104479)	7/4/2008 9:45:53 PM
From: chowder	Read Replies (3) of 206329

A lot of equities aren't keeping pace with their underlying commodities. I think it has a lot to do with redemptions by the funds. People are getting their semi-annual statements in the mail and don't like what they see. They are moving to cash which means the funds have to sell winners to raise money for these panicked investors. This selling will often cause others to sell, even though the trend is still upward. Looking forward, it's difficult to imagine anything other than than commodity based stocks moving up. At least in the next 6 months. Then we can look for a bottom in financials and other sectors. I could change my mind between now and then of course, based on market conditions at that time, but that's how I see it now. The US is consumed out. The consumers of the future, in my opinion, based on what I read, is China, Russia, India and Brazil. The BRIC countries. If one wants to invest in financials, I see Africa and the Middle East as the way to go. I hope I'm right. That's where I placed my bets. That and energy of course!

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