Thanks. Watching the bcm warrants. Will buy them along with yamana-wtc if/when gold suffers its near-term breakdown.
the dollar is overdue for a dead-cat bounce, which would trigger the decline.
this will present a buy in the metals within the next couple of months. it could be scary, which will mean it is especially good opportunity. I am thinking gold 850, silver 14ish. very quick dip and return to glory. i sold some of my aem, plus some k-wtb to prepare.
if i am wrong, the vanguard precious metals is still in place. if i am right, i will be rooting for the dip, not crying about it. meantime, i did add to my pdl stock and wts, thinking maybe that platinum-palladium deal has a little independence from the gold flow, this time. even there, i feel i need to be alert to taking partial profits.
i realize this is a little more bearish a view than some here. (Hi CL!)
gold has moved up 44 percent on its latest rise, according to the aden sisters. And the length of time of the rise has already been longer than previous ascents they have tracked.
Regards to all and don't forget that taking money off the table is a healthy practice, particulary when you are looking at 40-50 percent and more gains that have ocurred in a few months.
Michael |
