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Re: Joe Kernan post# 2340

Tuesday, 10/28/2008 10:59:35 PM

Tuesday, October 28, 2008 10:59:35 PM

Post# of 7752
Joe,

What do you mean by gold stocks holding steady? I have a couple of gold focused mutual funds (thank God they do not hold TAOL) and they have been crushed lately. I also own AUY and it is down over 20% in about a week, off a high of about $20 last spring. Seems like it wasn't long ago that IAG was over $8.

If gold stocks being "steady" means that they all suck, then you got it right buddy. Maybe it's a buy sign because it seems inconceiveable that it could suck any more.

I hope you are right about gold roaring back, but that line was also flying around when Yamana was $19 and gold was well over $900. Yeah, gold was going to $2000 and AUY was going to $40. Gold miners and physical golds are rarely sure things.

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