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

To: SwampDogg who wrote (45126)6/27/2013 10:56:38 PM
From: rubbersoul  Read Replies (2) | Respond to of 48092
 
But hedge funds were long in 2008 not short as they are now.



To: SwampDogg who wrote (45126)6/28/2013 7:27:13 PM
From: Jacob Snyder  Read Replies (3) | Respond to of 48092
 
<see how long the miners took to regain it all. A few months>

Gold miners peaked in March 2008, and bottomed in October 2008, just 7 months later. After the final low, it took 2 years for GDX to get back to the 2008 highs. That's a ratio of about 4-to-1, not a V-shaped recovery. Declines (in this and most other industries) tend to be quicker and more chaotic than advances.



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