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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (21546)11/8/2004 6:13:18 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Mon Nov 08 2004 16:34
trotsky (frewils) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
actually, i also believe that there's potential for the metals markets to eventually ( probably a few years hence ) to go 'crazy' as you've put it, similar to '79/'80.
but getting there will be a rocky road, with more than one opportunity to improve returns by means of a little judicious money management. like i said, even in the 70's bull we got a correction that surely felt like a major bear market at the time. DROOY went from $20 to $2 for instance - and subsequently rose to $52 in the mania phase.
this is one of the most volatile market sectors - iow, it's quite suitable for trading.
i look at investment in bullion a little differently...it's a form of saving, as well as financial debacle insurance.
the best approach is probably to keep a core as well as a trading position in the shares for the duration of the bull market.