To: Hawkmoon who wrote (90472 ) 10/10/2002 12:56:00 AM From: long-gone Read Replies (1) | Respond to <<That will depress the gold market overall since these coins will have a value until themselves as a greater storehouse of value (for those who consider gold to be such). >>capitulation sell-off on the broad equity indices is not that which we currently see in play. IMO this is Mutual Fund tax loss selling which won't be done until post 10/15. This current wave of equity selling may result in yet more redemptions by frightened or hurting individuals taking us lower well into November. Tax loss selling by individuals could then follow through year end with each ugly 5 day cycle leading to yet another even more ugly 4-5 day downward cycle.investors " is the single greatest driving factor and every bubble becomes far more inflated than any dare imagine."investor" will come the rest of the way to the precious metals market then it too will be - GADS Woosh also beyond belief -- and the stage is being set. The mining firms are killing hedge books in major waves - in fact in waves so great that this unwinding impacts the market & (some say)distorts chart reading attempts.
