I take the few that there will be a significant shake out of spec stocks in the next few weeks as we close out the tax year. We can expect people to take their losses so that they can apply them in future years. This applies particularly to fund managers. I also think the prospect of rising interest rates will impact on stocks before its underlying motive (higher inflation) justifies higher prices for gold stocks.
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Andrew Sheldon www.sheldonthinks.com
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