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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (6662)	1/8/2003 9:31:37 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

<and sit on cash or buy all golds........no thanks...> Yes.. keep 80-90% cash or in T-Bills and GIC's and 10-20% gold and/or gold stocks. <I'm don't know which direction anything is going. > WIth interest near zero, bonds are obviously topping. With P/E's still into stratosphere, stocks have obviously a lot of room to move to the downside. > I just want to protect myself as best I can and come out > even if the shit hits the fan...hence IMO, if this thing hits the fan, owning some gold will not be enough as many assets will lose 50%. Even gold is not a sure thing. I am on the wave that will carry the DOW to below 6000 and possibly right down to 4500. WIll be buying the blue ships when P/E are near 10 and dividends up to 5-6%.