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The next shock to be, is when some gold stocks go under. (HL, or BMG)
Currently, both are under $2.00.
Lets see what happens, Gold may fly off the handle.
Joe Frabosilio
Ira Tunik wrote:
> Thought that might be of interest. The first of the mutual funds to go
> under? what happens in a major market down turn to the others? Ira
>
> Gold Stocks
> · Corporate News & Views: Newmont Mining & Virginia Gold
> By Market Maven Jay Taylor
>
> With a couple of gold mutual funds shutting down their operations last
> week, Newmont and
> other major mining firms saw their share prices dive last week. This
> provides a great
> opportunity to buy some shares of Newmont which I continue to consider
> to a very attractive
> means of hedging your portfolio against a stock market downturn...
> (con't)
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