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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (18404)3/9/2009 11:42:00 AM
From: Tommaso3 Recommendations  Read Replies (1) of 71456
 
But this is what he said:

I concede that the overbought condition of gold compared to the Dow
Jones and compared to the CRB Index could be corrected by a strong
rebound in the Dow and the CRB Index rather than a further downward
correction in gold. My bet would be that the CRB Index has significant
rebound potential and, therefore, I still like resource related equities such
as BHP (BHP), Rio Tinto (RTP), CVRD (RIO), Freeport-McMoRan
(FCX - see Figure 5), Xstrata (XTAN SW), and gold mining and
exploration companies (I sold my Newmont Mining and Freeport shares
whereas I have no intention of selling my physical gold). Still, as
mentioned above, we already had some powerful rebounds in most of
these shares and some near term caution is advised.
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