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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (11944)	9/24/2008 9:49:46 AM
From: RonMerks	Read Replies (1) \| Respond to of 50507

Gold keeps knockin' on the $900 door- but, no one will let it in (vbg)? We didn't give much back yesterday, from Mondays big explosion. And it looks like this bailout is a done deal- I can't believe that we're not up more? Ron

To: SliderOnTheBlack who wrote (11944)	9/24/2008 10:13:03 AM
From: jrhana	2 Recommendations Respond to of 50507

<Fortunately for those in the Gold Bug community, gold bugs seem to be much more forgiving of their losses than the mainstream investment community. Perhaps because for the mainstream investment community, it's about rate of return vs. the market, and for gold bugs, it's about an "us vs. them" religious zeal, and one day being vindicated by the ultimate heavenly financial rapture <vbg>.> Definitely you hit the nail on the head there IMO. There are many gold bug zealots out there who don't mind taking one for the cause. But not Claude Cormier. He always encourages his readers to take profits. <The fall of the HUI gold bugs stock index from this March's 518 high to the recent September lows of HUI 255, is the equivalent of the collapse of the Nasdaq bubble form it's March 2000 highs of 5000, to 2,500. And the collapse in junior and explorer mining stocks was far worse than the collapse of the Tech Bubble.> Claude did not have a single buy recommendation on a single stock during that horrendous down draft. Claude was the exception that proved the rule IMO. I agree with you that there are a lot of brainwashed gold nuts who remained bullish during that whole downdraft, but I just want to make it clear the Claude was not one of them.