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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (13221)11/6/2008 7:50:54 PM
From: Sunny Jim  Read Replies (1) of 50509
 
<<I am NOT discounting the possibility that this reflation effort fails,and that the global economy falls into the mother of all negative feedback loops... and that gold and gold stocks get taken down along with everything else on the way down to DOW 5,000.>>

Slider, I think you just broke the code. My take on the gold stocks today and yesterday is that they are just being stocks, and short term they often just follow the market. They have a high beta (don't hear that term much anymore) so they often do a lot more than the market, both on the upside and the downside. When this "correction" appears to bottom out, it'll be time to jump in the golds with vigor.
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