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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: John McCarthy who wrote (5780)8/2/2006 11:48:00 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
John,
I look at 10+ year charts of those home builder stocks all the way back to 2000, which was the time when Fed began to crack down interest rate. I expect these stocks to trade at the prices at 2000 again in about 2 years.

Actually, I have been thinking of looking for a good tool and timing to short these stocks. But, I am too busy and my gold stocks are doing just fine...so I'll just watch the actions. In the mean time, there will be many foreclosures of nice houses down the road. Plenty opportunities will be out there. We shall make lots of funny money with gold first. Then, we go shopping. <GG> Take care.

Wade