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

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To: loantech who wrote (49037)9/15/2007 12:49:27 PM
From: TH  Read Replies (1) of 78428
 
Slan,

Interesting you were attracted to that piece also. I read it yesterday and think it is spot on.

My guess is a lot of tired goldbulls and goldbugs are going to get shaken on this move UP.

I'm holding miners through the Fed announcement. We might get some shaking Tuesday afternoon, but I do not think it will last long.

1/4 Fed cut, 1/2 discount cut, and softer language about <responding to changing conditions, blah blah>. All good for POG and for miners.

I like to look at it a little differently than maybe some of the less confident in this recent move. I ask, what data is missing that would be more supportive of this pending POG/miner move? I can't think of anything short of a public announcement that China (or pick another player) is selling dollars for gold. And truthfully I would consider that type of thing more bearish than bullish as I think officials often do exactly the opposite of their stated intentions.

GT
TH
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