Louis, thanks for the latest from Sornette
tooearly at the CFZ-E board mentioned him during the winter and I found it interesting at the time. It looks like a bad second half for this year no matter which chart you choose of the several that he features. No wonder I see so many gold bulls no matter where I look.
I sold my last PM junior some months ago and I was really surprised at how most of them have lagged the larger miners since the February decline. For example, compare NEM vs. POG and BGO vs. POG.
stockcharts.com[h,a]daclyyay[dd][pb50!b200][vc60][iLp14,3,3!La12,26,9]&pref=G
stockcharts.com[h,a]daclyyay[dd][pb50!b200][vc60][iLp14,3,3!La12,26,9]&pref=G
I see some are catching up somewhat, but they're still far behind the majors; however maybe I'm comparing apples to oranges here(no small cap run-ups like in regular equities?)
What's your take on this? |
