Loading ...2000 was a little before me in the shares, I got in circa 02′ but remember 08′ oh too well.
I do understand the liquidity argument, although I’m not sure how much liquidity the shares have to offer this time around. If I remember correctly, in the 08-09′ debacle the HUI was upwards of 600 when it crashed with everything else. Seems to me the liquidity would be found in GLD and to a lesser extent SLV. I don’t know.
Course, we’ve only had one down day in the SM, and on a % basis it wasn’t more than a blip. I guess we’ll see what happens going forward but yesterday was pretty disappointing to say the least for a sector that wasn’t close to overbought.