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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (60489)7/23/2008 11:37:00 AM
From: Zincman  Read Replies (1) | Respond to of 78437
 
Lower oil, energy, bank bailouts, R/E flatlining.... hard to support higher gold..

US rate hike would be the final nail in gold for a while.

(I am not sure what gold will do 3-5-10 years from now.. dont care... Trading the current cards is where I have been making money lately.)
Banks this month have been good money makers...for the quick.

ZM



To: loantech who wrote (60489)7/23/2008 1:33:24 PM
From: LLCF  Read Replies (1) | Respond to of 78437
 
Yes... my big worry for years has been: "What will happen (POG) when DEEP recession (we don't use the D-word) hits. It's the reason I'm not dead long gold and miners. The 'correction' might be ugly.

This is all ala "Heinz" as well.. he' actually been bullish on safe bonds ($US) if I remember correctly. I could'nt get my hands around that one and I'm sure he'll be changing his mind once we've bottomed out and the printing continues. Who knows when that will be.

That said... I'll be buying the dip as usual. :))

DAK