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To: yard_man who wrote (942)11/21/2009 11:33:52 PM
From: Real Man  Read Replies (1) | Respond to of 990
 
Here is history of previous gold mania. Drooy had a similar chart
where POG was leading - gold stocks did not take off until
the very last year. In January 1979 The POS was DOWN 80% from
1975, while POG was UP 200% since then! Since HM is plotted
below also, I assume that was a general phenomenon with gold
stocks. In 1979-1980 they caught up, and then some.






To: yard_man who wrote (942)11/23/2009 10:10:48 AM
From: Real Man  Respond to of 990
 
Well, the POS is definitely not alone. It's a junior all right.
I changed my risk allocation to around 15% juniors through GDXJ,
15% GDX (70% precious metals, half gold half siver). Individual
shares may have issues, like the POS, but the junior index
crashed all the way to 2002 lows in 2008, which means some
stocks like the POS crashed more, some less.

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