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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 (26339)2/12/2005 9:17:38 AM
From: orkrious  Respond to of 110194
 
I think the better comparison would be what happened to gold stocks during the '29 crash. macro economically, it's a much more analogous period. the only chart I've seen was on richard russell's web site. it was a two decade monthly chart of homestake mining during the 20s and 30s. I recall that it's hard to tell, but it looked like it didn't drop much more than 15%.



To: ild who wrote (26339)2/12/2005 9:51:03 AM
From: steve from ihub  Respond to of 110194
 
thanks for sharing the charts. thats a problem with crashes or hard selloffs...the baby gets thrown out with the bath water. imo its due to margin calls. folks have to raise cash so they are forced to sell everything



To: ild who wrote (26339)2/12/2005 10:26:37 AM
From: Square_Dealings  Respond to of 110194
 
The only ones worried about a crash have been the gold bugs. And they have been pushed out of their shares by institutional short selling of mining stocks.

The Google Gang is quite confident things can continue "four more years"

Some impulsive moves in selected gold stocks this week suggest they wont get thrown out on the next market down turn. I am holding gold stocks with a short SP500 position as a hedge.

m