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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 (92564)	3/20/2008 8:25:01 PM
From: Real Man	Read Replies (1) \| Respond to of 110194

Miners have been underperforming gold for some time.

To: John Vosilla who wrote (92564)	3/20/2008 8:51:16 PM
From: Robin Plunder	Respond to of 110194

"Gold probably bubbles to unimagineable levels on the next economic recovery. Junior gold miners have been underperforming the homebuilders for a while which should tell you something about 2008. Can S&P drop to your target with such low interest rates?" I think you have it backwards...when the economy recovers, gold will head down, as the flight to safety reverses. Bill Bonners comments this weekend also struck me in the same way...he says gold will go to $400..in order for that to happen, all the bad debt problems we have would need to go away with a wave of the Feds wand. As Vi notes, gold and gold stocks went up during the 73 market decline, and then gold fell after the market bottomed and the worst was past. NG went down because their flagship project was uneconomical, and has been moth-balled. UXG went down because they have not hit gold in Nevada, after spending a lot of money looking for it...lots of details for each company, they need to make everything work in order to be a success. Take a look at AXU.TO, uranium, dropped 70% when it appears the Indians wont let them mine...nice property, but not much use if you cant mine it. Still, there will be lots of success stories.. Robin