Lucky_Country
Formerly known as ijh
- Joined
- 30 June 2006
- Posts
- 738
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Great quote Ive been battling the diversification demons my self too much resources in my portfolio according too the quote I should diversify!
Talk about take off like a rocket. Farrrk...Not saying it will be but the start to the week is the best I have ever seen
As the Great Sir Les Patterson says, "Nooooooooo Worries"
Yep, one of the few times the stocks have gone the other way really. Encouraging for long term gold stock holders...Gold has seperated from the market, Nikkie down 300+ . What we want to see now is a seperation of the gold stocks. Lgl up 3% + a good start against the financials down.
With gold breaking the barrier of $1,000 an ounce this week and surging over 40% over the last year, a growing number of investors that joined the fray are finally acknowledging that gold bugs' plans for apocalypse weren't so kooky after all.
Commodities are collapsing and not only on fears of a US and even global recession, but traders are cashing out of the last profits they have, which fuelled unwinding of carry trades overnight and is now forcing commodities lower. Commodity plays are leveraged as well and the exodus and profit-taking could see sustained losses in commodities for sessions to come.
Cheers
............Kauri
Fair enough base metals will take a hit, but gold? All these sell-offs, fed actions and pessimism should only send gold in one direction!
I dont know, I see the smart money coming in soon and changing things around with all the bears out there! I think we are due for a nice little rally in the coming days/weeks.
MRC & Co your statement sounds very much like those that where talking about the Future Fund and new highs for ASX back in Dec 07.
When the :fan the only thing that is save is the SELL button.
I'm not calling a top but rarely will something act locally when it gets nutty.
Reuters, (SOME OF IT)
Forecasts for further stock declines have emerged with Goldman Sachs looking for another 10% decline in the S&P
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