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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (7495)	8/9/2007 8:52:34 AM
From: jimsioi	Respond to of 29622

Condor, good point...smart money yesterday don't seem so smart today... If gold is going to fall $12 every time a hedge fund can not redeem shares through this credit constriction mess, Gold is going to be selling sub prime itself before too long...Miserable performance for what is supposed to be the true asset to turn to in difficult financial times...Timing it seems is important even with that supposed truism... I've put in some stink bids for things I've wanted to buy at a steep discount....but staying large in cash... Commodities just getting crushed today...We're going to see one heck of a recheck of the recent lows...Problem is there are lots more hedge funds out there yet to have trouble as credit markets tighten....How much cash do I have, I ask, to buy all the great deals to be offered as others' bids vanish...?