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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: RonMerks who wrote (5098)	5/1/2007 10:38:20 PM
From: 8bits	Respond to of 50053

Commodities and gold stocks in particular got way ahead of the liquidity pump. They were the sector of the day last May, but not today. Well Slider generally gets things right about gold as I defended him here: Message 23342599 However about oil ... well sometimes.. and sometimes not... : siliconinvestor.com I do agree that gold and gold stocks will likely see a decent smackdown in May/June. (As will likely the broad market..) Personally I view gold (physical holdings.. not paper gold or miners..) as a form of insurance. Given that our government seems to have decided a stable and strong dollar are not important, one never knows when we may a run on the dollar. This is not say we should bank on it but prepared for that possibility. I personally maintain no more than 20% of my assets in precious metals (no interest or dividends), but until we get a Paul Vocker at the FED, I'm to selling. (FWIW, my dollar cost average for gold is around $380 an oz..)