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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (3769)	11/22/2003 9:48:40 PM
From: Cogito Ergo Sum	Respond to of 108709

I agree market will spill over to others and engulf almost all sectors. but some will likely be harder hit than others and some will be primed for rebound regardless shortly thereafter... I think explorco's are actually safer in this scenario... but not the utter POS's of course ... I'd imagine that many folks that are back in more mainstream sectors that do own gold will own the bigger names that will indeed be more likely to follow the broader markets down at least for the nonce.. In the energy trust world folks get hit with margin in those times ... a new list of stocks marginable at higher %'s was being bandied about on the trust's board.. ie.. my Baytex still at a hefty discount to NAV will soon be 70% marginable.. There will likely be great bargains in that downdraft event. regards Kastel

To: jimsioi who wrote (3769)	11/23/2003 10:01:55 PM
From: Jim Willie CB	Respond to of 108709

S&P is 60% negatively correlated with gold USDollar is 85% negatively correlated with gold but in shorter term, I believe equity downdrafts will be bad for miner stocks generally I like Hamilton for a number of things like interrrelationships between gold and US$, S&P, other currencies, TBonds, FedFund rate, etc he has been off from time to time on stocks many people are, and that is ok if we ignored all those who missed S&P calls, nobody left but I like his other thinking and writing on gold he offers up good reminders on negative real rates / jim