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

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To: loantech who wrote (56271)2/2/2008 10:45:03 PM
From: marcos  Read Replies (1) of 78417
 
A dip in gold will help our stocks before long, because we all know a retrace is coming, and only when it comes does it get quantified, after some bottoming action it's a known thing, no longer looming nebulously huge, it is what it is and we get accustomed to it ... it'll be another higher low on the chart, defining that stage of the journey, then attention will turn to the point of the next higher high

Short-term pain for mid-term gain ... all these other factors Gerbino points out will be part of it too, especially the competition for speckie money from ETFs and all the U-co/Au-co paper being created - really we won't get an overall tide change in our favour until the next serious wave of new money enters the sector, got to pick carefully until then, good thing that's not hard to do, with quality juniors going cheap all around us

Drillbit upside will still be there, maybe not as wild as in other times, but good results will be rewarded, might be the only game in town for a little while
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