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Unfortunately, I no longer have the statistics, however I remember doing a
study on gold and gold stocks at major market inflection points and reading
on gold's behavior during/following the '29 crash. I came away with two
clear conclusions - gold stocks seemed to peak in major market tops and
while gold often got a pop in times of crisis, it was not a safe haven
investment.
Earl
----- Original Message -----
From: <SLAWEKP@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 14, 2001 6:58 AM
Subject: [RT] Is the end near - Not for GOLD
> In mean time some of the gold stocks are up 25 to 100% since January, who
> needs Nasdaq
> In my memory we had similar situation in 1978/79 gold stock which You
could
> buy below $1 skyrocketed to $20-30
> In market crashes wealth is not lost is transferred (usually to smart
> stronger hands) someone sell & someone buys. For those ending up with cash
on
> their hands they look for hedges, gold, real estate. Governments will not
> allow collapse they will print more money, look at M3 we not responding
yet
> so they will print more till everybody discover there is inflation
>
> Slawek
>
>
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