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

To: Wade who wrote (31356)	9/15/2011 12:45:49 AM
From: gold$10k	2 Recommendations Respond to of 48092

It depends on the market circumstances. Gold generally performs better either when there is fear in the market (case #1) or during a PM sector decline (case #2). GDX generally performs better during a PM sector rally when there isn't fear in the market beyond the usual wall of worry (case #3). Take the period from July 1st thru the present. 7/1 - 7/25, both GDX and GLD rally while SPX is benign... case #3, GDX outperforms GLD. 7/25 - 8/7, SPX plunge injects fear into the markets... case #1, GLD outperforms GDX 8/8 - 9/8, SPX plunge ends, fear dissipates... case #3, GDX outperforms GLD. 9/9 - now, PM sector decline... case #2, GLD outperforms GDX stockcharts.com stockcharts.com stockcharts.com