Como se combate o populismo? "Com eleições", responde Fukuyama

[Ulisses Pereira]

"With Tough Fed, Exit the Gold Stocks"

By James J. Cramer
RealMoney.com Columnist
9/20/2005 4:27 PM EDT

"Anytime the Fed is this vigilant, I just don't want to be in gold. I believe this tightening today, in the wake of Katrina, and before Rita, shows me that this is, indeed, the same Fed that took things overboard in 2000.

The gold stocks that have been going up were going up in anticipation of a less hostile Fed, a generous Fed, a kind Fed, a good Fed.

Nope. Bad bet.

That's why I wrote in Columnist Conversation that I believe it is time to exit the gold stocks. Stay with oil, they aren't making enough of it, but gold, it's just a matter of time before it comes down.

I am all for the China resources plays, nickel, molybdenum, copper, oil, because of supply concerns. I am not for gold, except when you have a cushy Fed.

After today, anyone who believes we have a cushy Fed is just dreaming. "

(in www.realmoney.com)