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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (5428)6/28/2001 12:33:22 PM
From: Hawkmoon  Respond to of 74559
 
Gold may be one possible sector, but that depends on how the USD shakes out. It can absorb downside to the 112-113 level without necessary spurring a run that takes gold over $300/ounce (which I think is the critical price resistance).

But with oil prices in decline, there is little impetus to rush to gold and more reason to hole equities over cash or money markets.

BWDIK..

Hawk