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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (14913)	7/22/2002 5:29:10 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 82379

I lost confidence with the guy when he outright rejected PM/resource stocks as a hedge when there was still time to use it to save portfolio value. Did you hear the Chief Global Analyst for Stanley say that he's never really understood the lure of gold. How about this--hedges against a everfalling stock portfolio. I know gold stocks were down today but overall it still is true. He allso said parabolic drops are followed by parabolic advances. Problem with that one is this hasn't been parabolic yet--a grinding 3 year bear to date. Parabolic will come when we have a 700 point down day. Of course, once the Dow is down to 700 points it can't happen any more. Look at '87. We get a day like that, buy the following morning on the follow through drop and you'll be in the money by the close of the day and likely thereafter.