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


To: Claude Cormier who wrote (22195)11/21/2004 6:31:31 PM
From: oldgrey  Respond to of 110194
 
Claude,
Amen. (I totally agree)
CHEERS OLDGREY.



To: Claude Cormier who wrote (22195)11/21/2004 8:10:23 PM
From: Wyätt Gwyön  Respond to of 110194
 
well, go for it! what's the big problem with cutting back on beta, though? bullion is lower beta than the miners, right? owning just bullion doesn't make one a girly-man, does it?

But now that gold appears to have confirmed that the bull of our lifetime is just out of the gate

but that's just me--i prefer "unconfirmed" and the low prices and distress selling that go with it. "confirmed" means that everybody and their mother knows about it. "confirmed" means lots of "Stuarts" are margined to the hilt in their Ameritrade accounts. "confirmed" means all the newsletter writers that were pooh-poohing the gold bull back in the spring are now saying to buy with two hands.

margin is like rope. give the "Stuarts" of the world enough rope and they'll hang themselves time and again.



To: Claude Cormier who wrote (22195)11/22/2004 2:04:07 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
<But now that gold appears to have confirmed that the bull of our lifetime is just out of the gate, I suggest to you that you ain't see nothing yet in terms of % gains.>

You could be right and I am thinking along the same lines myself. However, I just watch Newmont chart and the price of gold. Unless they break down there would be no reason to be selling any juniors right now.