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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (87676)6/1/2009 3:38:09 PM
From: Real Man  Read Replies (1) of 94695
 
I would not be worried about gold, at least I am not,
but a correction in gold stocks could be quite dramatic. They
rallied 33% just in May and are very overbought. Gold may
have to flip buyers once again, from those folks driven
to it as a hedge against economic collapse to those folks
who hedge against inflation. It's a complicated market.
Then again, I am effectively hedging my gold stocks long position
with puts, but I also have some physical gold, which I am
not hedging. -g-

For the broad market tomorrow is turnaround Tuesday. -g-
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