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Re: milo3 post# 16402

Tuesday, 01/31/2012 7:20:05 AM

Tuesday, January 31, 2012 7:20:05 AM

Post# of 22255
The thought that came to mind when listening to this interview was the ramifications of another 2008-like financial crisis. The prospect of a repeat of 2008, only worse, scares the spit out of me. A good example of what might happen in such an upcoming crisis is FCX: http://www.google.com/finance?q=NYSE%3AFCX#
On June 13, 2008 FCX was trading at $61.25, by December 5, 2008, it was down to $8.40. Less than a year later, on Nov. 20, 2009 it was back up to $42.27. The point I am making is that there is big money to be made if you can see what's coming and have the ability to react to the crisis when it comes. What I have been doing this past week, in mining stock equities is liquidating positions in low volume, penny stocks and reinvesting in bigger volume, bigger cap miners. Protect yourself from a sudden market downturn. S_P

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