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

To: jimsioi who wrote (12587)	3/16/2008 11:51:57 PM
From: Mac	Read Replies (1) \| Respond to of 29622

Most of the gold stocks are up on overseas markets.

To: jimsioi who wrote (12587)	3/17/2008 12:26:46 AM
From: ItsAllCyclical	Respond to of 29622

I don't think we'll get true panic in everything until the Fed gets closer to 1%. I'm still nervous here holding gold and PMs, but I'd be just as nervous in many other asset classes. I think the next decent IT top in gold will come as the Fed gets close to 1%. Until then gold should do quite well (assuming no true crash). Once the Fed gets close to 1% and we're still going down FA wise then deflation panic may ensue. Still have to see to what extent they make these "temporary loans" permanent. Not married to any LT outcome. This is a completely different environment than '87 FA wise for the economy and financial system. While the shares would probably get hit hard at first I think they'd also get bought hard because in this environment they should come back fast. However whether that's a few days or a few weeks or a few months is anyone's guess. I certainly couldn't tolerate my portfolio dropping 50% in a crash environment. The last few weeks we've seen a nice healthy movement down the food chain. We've seen money come into medium and small caps within the PM sector. It's still jumpy, but I tend to agree w/Swampy here that this will likely end in a blow off to the upside in PM shares before it's over vs a crash (IT wise). Also 1000 gold and 100 oil are similar. Once 100 was taken out the market had no problem w/110. We'll have little problem going to 1,100-1,200 ST imho assuming no crash. I don't think you have a whole portfolio of illiquid juniors here, but there is still plenty of value in the mid-tiers that are reasonably liquid.