Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: gold$10k who wrote (30926)	8/29/2011 8:23:20 PM
From: ItsAllCyclical	Read Replies (1) of 48092

Sure it may happen the same way again, but there certainly are some differences. Back in the period specified in the safe haven article GDX:GLD had been going up for 5 years - now we've been trending down in this ratio for 5 years going into the same "correction". I did some selling today of my traders as I think we rebounded too fast off the lows. Today was good action, but SPX going higher may have played a good part of that. Either way though I'm much more inclined to keep buying dips when seen (GDX not gold). Another note the 2006 correction happened during a normally weak seasonal time for POG. We're going into the opposite now. I still respect being cautious in this environment and your strategy while lower beta is also buying the dips.

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