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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: onepath who wrote (18115)8/13/2006 11:55:51 AM
From: Claude Cormier  Read Replies (1) of 78411
 
Clearly, you just nail it. This is our long term path.

- The day to day of how this will play out I have got no clue

However, You should have said the year to year of how this will play....

The scenario you picture is the inevitable long term trend. But we may well get severe counter-action on the way up for resources and gold.

A 1-2 years deep recession would bring back all stuff well below the current long term moving average in what would be a first cyclical bear market in this long term secular bull. This would mean that our current portfolios would drop by 50% and more.

At this point in time, we have to be bullish for the coming months for all the reasons you probably know. But there are signs that suggest that our markets could also be about to turn south for several months if not a year or two. It could be 1974-75 all over a gain.

Lets watch the charts, we should know more in the weeks to come.
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