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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (30631)8/17/2011 9:42:04 PM
From: gold$10k3 Recommendations  Read Replies (2) | Respond to of 48092
 
I agree with your numbered points, however...

1) bargains can always become better bargains (especially in the face of fear) and

2) in 12 years of watching gold and gold stocks, whenever gold stocks have refused to follow gold higher, the divergence has always resolved with both gold and gold stocks falling. But maybe it's different this time.



To: ItsAllCyclical who wrote (30631)8/18/2011 9:44:21 AM
From: gold$10k  Read Replies (1) | Respond to of 48092
 
After further thought...

The dollar index is opposite the euro... not so helpful otherwise. IMO bonds tell us whether the current economic events are inflationary or deflationary. If true, then this is currently deflation and gold is acting as money, which does well in deflation. Gold is the only asset that works well in both inflation and deflation. The market is acknowledging that now. Silver is trying.



To: ItsAllCyclical who wrote (30631)8/18/2011 9:44:36 AM
From: gold$10k4 Recommendations  Read Replies (2) | Respond to of 48092