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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: orkrious who wrote (14780)9/9/2008 10:26:01 AM
From: patron_anejo_por_favor  Read Replies (1) of 29622
 
Wow, the miners are thoroughly despised right now....

And all though commodities are weak generally, it's worth noting....

1) Currencies of producing country currencies are also weak (i.e, gold is really getting thrashed only in dollars)

2) Energy is a huge tax on producers and it's come way in.

This IS bullish for earnings of producers, which have been under pressure for the last 18 months. Still need psychology to change, but if the yeller dog finds footing, the producers will and will finally outperform on the next leg. All IMHO.

I added a little HMY and GG today.
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