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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: chowder who wrote (104481)7/5/2008 2:51:21 AM
From: energyplay  Read Replies (2) of 206329
 
We should remember that in addition to fund redemptions, there are huge profits locked up in commodity stock equities. Consider that many people and funds have been buying these stocks for a few years, and we are talking about doubles, 3X, 4X and more.

If we were working for one of the commodity companies and had stock options for a number of years, we would now have too much net worth in company stock and need to diversify.

Many baby boomers are nearing retirement age, etc.
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