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To: pater tenebrarum who wrote (36850)5/31/2000 10:33:00 PM
From: Step1  Read Replies (1) | Respond to of 42523
 
Hello Heinz, came close to putting several orders for some major gold and silver producers last night but decided to wait a few more days, especially due to some technical money transfer reasons...

My question is this: I remember you posted once that you expected the gold cos would drop in the event of a market crash, as some of them are sold along either to cover margin calls, cover other losses or whatever the case. The US markets have seen a lot of volatility lately and the NASDAQ is close to 40% down. The xau has also since JAN, sunk a fair bit. Should the market really go to hell now, do you still think the golds would initially drop some more (from these low levels) or is it most likely to start going up in a flight to quality? I know nobody has the answer for sure and only time will tell, but nevertheless i thought it might be interesting to get your opinion and that of other posters here.

I posted the question here, mostly because i find the participants here less dogmatic than the pure gold threads and have seen a number of posts on this thread in support of Gold investments in the past.

Regards

Stephan