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


To: John Vosilla who wrote (90405)1/12/2008 4:44:09 PM
From: NOW  Respond to of 110194
 
NIce post John, everyone keeps telling me that they are simply lagging but to be honest that explanation has worn a bit thin



To: John Vosilla who wrote (90405)1/12/2008 9:34:50 PM
From: Archie Meeties  Read Replies (2) | Respond to of 110194
 
one more possibility - the majority of buying interest is coming into the etf's at the expense of everything else.

Gold, the new momentum play?



To: John Vosilla who wrote (90405)1/13/2008 6:00:59 AM
From: Madharry  Read Replies (1) | Respond to of 110194
 
I think that part of the problem is the uncertainty of the mines ever being built partly because of geographical location, partly becuase of costs of production and the time it takes to go from feasiility study to arranging the financing to completing the mine and generating production, as well as the uncertainty of royalty agreements and taxation which has been proven to turn on a dime.

also its quite possible that the population of junior mining company investor/speculators has been more affected by the credit crunch than the major gold investors which tend to be funds.



To: John Vosilla who wrote (90405)1/13/2008 8:45:08 PM
From: TH  Respond to of 110194
 
John,

Nice post.

I'll add one more possibility. We can call it reason 3.5. Fear. Fear of another August 16 (no deflation required). Fear of another NG. Those two events scared the goldbugs and goldbulls, and may be a factor in limiting the miners upside while POG has progressed nicely.

GT
TH