by dinopello » Tue 22 Jan 2008, 12:24:41
$this->bbcode_second_pass_quote('NTBKtrader', 'I') bought gold stocks when gold was around $400 however those stocks have not seen the appreciation that gold has had.
Which stocks ? I lost the context.
Last time gold was 400 looks to me like mid-year '04. You could now sell for what 800 or 900 ?
Had you bought Apple stock in Mid '04 (an obvious tech) you would have paid 20/share.
Apple is currently 155/share (this is after the plunge), it had been trading at 200/share.
Note: I did not buy Apple stock, but my next door office mate did and keeps bringing this up to me when I try and convince him how screwed we are.
So Gold has a 2X return since '04 and Apple an 8X return.
Am I missing something ?
My BBT is up today but my GE is getting slammed. Rail is holding steady. I expect all be be down at weeks end once the cocaine, I mean interest rate cut wears off.