Here is Barbera's review
Too bad he missed the whole boat so far this year.
A bit voyeuristic lol
financialsense.com
These 'bulls' have to walk the walk and stop talking. They will go on and on about a few select majors that have corrrected but the fact is they just plain blew it. They may have one more chance in the coming weeks but then again they may not.
From this weeks review:
<<Not surprisingly, the smaller gold indices also gained ground with the Financial Sense Junior Gold (FSJG) Index ending at 265.93, up from 260.32 the prior week. For the FSJG, the weekly gain totaled 5.61 index points or 2.15%. With a close of 265.93 on 3/24/06, the FSJG Index is now up 69.14 index points from its 12/30/05 reading of 196.79, for a year-to-date percentage gain of 35.13%. Wow! – that’s a one heck of a first quarter return!>>
From 12/05
<<... But a Correction is Coming
From here, in my view, the overpowering weight of the technical evidence argues for a 15% to 20%, two to three-month correction in the Gold Stocks and an approximately 8% decline in Gold Bullion. In all likelihood, this correction will last into early February 2006. In my work, it is important to set benchmarks and parameters and to that end, if this is not going to be an important medium term top, we should know that within the next 10 to 12 days… and at that point, I could begin finding my way back into the market, if it appears I acted in haste. For now, I seriously doubt that will occur. While there is no doubt that my exit from Gold Stocks was a bit early, I am nevertheless, 99% confident that a sizeable correction in Gold and Gold Stocks lies directly ahead and that within the very near term, prices for both Gold and the XAU will reverse and give back all of their recent gains and then some>>
financialsense.com
I point this out not to bash one guy but to highlight that this is classic bull market stuff. Nice end to the week. Corrections will come but so what? |
