I was looking at a chart from mid 2001 to the end of 2003, and...

I was looking at a chart from mid 2001 to the end of 2003, and during this time the all ords was in a bear, and was flat - 0% gain. However, LSG put on 200% during this period (same for NCM) BHP went up about 20% or so in the same time frame.

I was thinking if the market returns to a bear for a while, it does not mean all is lost, and maybe the gold stocks are a good bet.