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

To: schzammm who wrote (7743)2/13/2004 1:10:01 PM
From: ItsAllCyclical  Respond to of 108784
 
>> But I am beginning to question whether PMs are a hedge for a general market drop <<

They are a hedge for an orderly decline. But if things turn really ugly say ala '87 then everything will get hit. But unlike '87 I expect gold stocks to come back pretty fast if that happened and stocks to resume their decline.

Just my swag.



To: schzammm who wrote (7743)2/13/2004 4:31:44 PM
From: Christopher Loe  Respond to of 108784
 
"But I am beginning to question whether PMs are a hedge for a general market drop. Comments??"

Sorry it took so long, I've been in a meeting since 10 A.M., glad it's over. AFA NXG, I think it has less to drop because it's been a lager, therefore a little more safe. The other majors like NEM will probably be hurt much more, but recover soon after. Golds are not my specialty, I am more often wrong than right.

Chris


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