Originally posted by daveironore
A question to the brains trust re gold.
Will gold stocks fall like all other stocks if we have a financial ' crisis' major market panic/ top/ bubble pop event?
I'd have to say I might be younger than some of the regulars on here. I can remember working for a large gold company when the GFC hit and our sp tanked but then off it went again like most gold stocks. It was making money and was bought out by a big player. Gold stocks are stocks and in a bear all stocks fall or something like that.
Will this time be different?
hi Dave
that is a question which has always fascinated me
as i postulated last year when economies crash all stocks dive as we saw in gfc
if you follow gold stocks then gold rises then goldies then the rest
but if you are Warren Buffet there are lots of quality cash earners that crash as well and are perhaps a better play
but now the economy is strong depending on who you listen to and we are seeing some money flowing from the tops reached in the dow and into goldies over last year
the quality golds ran a few years back so it is new blood for mine trying to work out which ones to focus on
GOR is green here
moy finally green
oku seeing some interest
but easy ones rrl evn sbm sar nst already well and truly have run and run
but happy to be corrected here
(20min delay)
