Reply #29: I think that those funds are realizing that they are late to the party [View All]

[UpInArms]

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B01EF8E64%2D33BE%2D44EE%2D9145%2D33EEC63136C8%7D&dist=newsfinder&symbol=&siteid=mktw

SAN FRANCISCO (MarketWatch) -- You know who you are.
We haven't heard from you lately, at least not the way we used to. That was back in the day, only four or five years ago, when gold prices were languishing between $250 an ounce and $300 an ounce, having gone nowhere but down for 20 years.

You were a gold bear. Nay, a mega-gold bear; telling anyone who would listen that gold was a dead metal, an outdated investment with no real reason to still exist in the global financial system. After two decades of poor performance, you had written gold off.

Well, look at you now. Gold is about to pass $600 an ounce for the first time since January, 1981. Investors who believed -- and there were plenty of them -- have doubled their money. Buyers of silver, platinum and copper have also prospered. See full story.

And oil? Forget about it. Remember those who said there was really no reason that oil would ever be above $20 a barrel again? That was back in the late 90s when it was around $15 a barrel. Now it's pushing $70.

The list goes on and on; Internet stocks, high-yield bonds, emerging markets, the Boston Red Sox. All of these were asset classes that fell so far out of favor at some point that some analysts or investors -- or sports fans -- would write them off entirely. But each of these dogs would have their day, and that's a lesson for investors.

...more...

:hi: