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

To: gold$10k who wrote (30926)	8/29/2011 8:23:20 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 48092

Sure it may happen the same way again, but there certainly are some differences. Back in the period specified in the safe haven article GDX:GLD had been going up for 5 years - now we've been trending down in this ratio for 5 years going into the same "correction". I did some selling today of my traders as I think we rebounded too fast off the lows. Today was good action, but SPX going higher may have played a good part of that. Either way though I'm much more inclined to keep buying dips when seen (GDX not gold). Another note the 2006 correction happened during a normally weak seasonal time for POG. We're going into the opposite now. I still respect being cautious in this environment and your strategy while lower beta is also buying the dips.

To: gold$10k who wrote (30926)	8/29/2011 8:24:55 PM
From: Wade	2 Recommendations Respond to of 48092

Very nice comparison of these similar patterns, but the author ignored the historical background. Back at 06: 1. The stock market was still robust. No fear of crash. 2. Real estate sector was red hot. Easy credit every where. Life was great, despite some signs of slowing down. 3. Central banks were still selling and leasing gold. 4. Gold was not on any one's radar. None of my relatives wanted to listen to me about gold. I was a crazy nut in their eyes. No one cares about PM. Now, I am managing their gold accounts. LOL 5. No derivative meltdown. 6. Banks were healthy. Five years later, the world is a mess and many people, not only Americans, wants to buy gold now.