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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (39163)	10/11/2008 8:27:18 AM
From: seventh_son	Respond to of 39344

Beyond belief, isn't it? Everything with any mining or resource association has been flattened I would assume due to hedge funds and leveraged private investors being hit hard on some areas, and being forced to sell off everything in portfolios with any mining association to raise cash for redemptions and margin calls. Even gold has been hit hard. But when the dust settles, the only asset worth having is going to be gold, which is going to boost gold stocks and give traction to stocks with hard assets in the ground waiting to be developped another year when the world economy recovers, and China and India take the reins in terms of resource consumption.