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Alias Born | 09/23/2006 |
Monday, March 03, 2008 8:16:21 AM
Anybody check out the GDX index lately. I was looking back a couple years and the last time we got in momentum driven ralley in Gold like this it lasted from roughly May 2005 until May 2006.
My point is that during that time-frame the GDX returned 125%
Compare that ralley to the current ralley we're in which basically started in late August, and the GDX is only up roughly 55%. I understand that nothing is ever certain in investing, however I think the gold miners might have significantly more upside potential, especially given the fact that there's a lot of money sitting on the sidelines looking sectors with visability. But then again, what the hell do I know lol. I just thought I'd share that little chesnut I found.
Best of Luck
*NEVER borrow ANYONE'S conviction. Do your OWN HOMEWORK before buying any stock and NEVER trust to hope. Hope holds no place in investing.
ALOHA
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