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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (57669)	9/30/2002 8:57:53 AM
From: the Chief	Read Replies (1) \| Respond to of 62348

Rocket...I was leary of my approach to buying Gold shares over the last 3-4 weeks for one reason only "deflation". Under normal conditions Gold is not a good hedge against deflation. My concern was releived somewhat by the "little leap" in gold when S&P tested 840 on its way to testing 838. It appears others see Gold as a refuge into a falling market, when that market appears to be cracking into new lows. Prior to this it appeared Gold ralleyed if the Dow/S&P rose to high and the VIX climbed in response, but as it fell from those levels, gold dropped off as well. I am taking Fridays disconnect as an important key for me. Even though I was buying K everytimne it fell, I was getting concerned that I was making a mistake, I still may have, but its looking good right now??? We'll see