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


To: benwood who wrote (31315)9/14/2011 1:25:24 PM
From: zamboz  Respond to of 48092
 
And reversion to the mean could involve an ugly drop in POG. Say POS stays at $40, POG would need to drop to $640.



To: benwood who wrote (31315)9/14/2011 1:48:14 PM
From: TheSlowLane4 Recommendations  Read Replies (2) | Respond to of 48092
 
If it is dollars you want then go for it. Yes I remember the Tech bubble very well and this is not that. Not even close, IMO.



To: benwood who wrote (31315)9/14/2011 2:53:57 PM
From: Mike M2  Read Replies (1) | Respond to of 48092
 
Good point the critical difference is the price of gold is a function of the extreme debt levels of the western world and the response to the debt crisis- past, present , future - is always inflation- printing money.



To: benwood who wrote (31315)9/14/2011 6:47:36 PM
From: Mike M2  Read Replies (1) | Respond to of 48092
 
Another difference between the late 90s tech bubble stocks era is that companies like CSCO were institutional favorites . During the late 90s almost every guest on CNBC LOVED CSCO - a classic example of group think and the herd mentality . We are from from that condition with gold at the present time. There are high profile hedge funds who are long gold and mining shares but most institutional investors have not embraced gold.