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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (3658)8/1/2002 10:49:32 AM
From: Jim Willie CB  Respond to of 89467
 
gold metal acting strangely today, from #298 to #303 >>>>>

strange in that it rejected the notion of being sub-300
sooner or later, investors are gonna realize its deflationary hedge power

Lou Dobbs of CNN doesnt
neither does Zeev
or else he understands the conventional wisdom within the markets that gold is perceived only to have inflationary hedge power
either way, gold and deflation dont currently mix well
that will change, since its performance belies this wisdom

kitco.com

another point to make about gold miner stocks
some of the smaller miner stocks have been demonstrating a BETA of something in the neighborhood of 8-10
this is astonishing
cases in point:
HL down from 5.9 to 2.9 as gold dropped only 10%
several other similar stories

/ jim