PS: The TRUTH on the gold juniors....
I can't keep from laughing when I read all this BS
from the old line permabull gold bugs on kitco, gold-eagle,
and 321 gold, about how the juniors are a bargain, ready to explode
...yada, yada, yada...
Their "failure to launch" is NOT because of "naked
short sellers".... it's because of all of the other
choices today's investors have... with equal upside,
but with much less risk.
Not to mention that financing is tight, and that
costs are rising exponentially.
Today's hedge fund traders, and fund managers have
all these ETF's to choose from, with much greater
liquidity, and transparency.
They can buy everything from natural gas and oil,
to grain and ag baskets - not mention the pure plays
available in gold and silver via the GLD and SLV ETF's
themselves.
Now sure, there are legitimate exploration plays, with
tremendous upside... but, anyone who does not recognize
that the market for "junior mining stocks" in THIS
commodity & metal cycle in 2008 - is much, much different
than the one 30 years ago... is drinkin' vintage 1978
Kool-Aid.
There are just too many other, bigger, better, and more
transparent risk:reward plays for today's managers.
What you are really seeing is - desperate pump &
dumpers up in Vancouver scared shi!less that THEY are
going to get caught holding the bag this time...and
they're pushing the usual suspects... the carnival barkers
to bring YOU back into the junior tent - so THEY can
get the hell out.
And it's a sad, damn day... but, none the less, an honest
take on the state of the gold bug nation, that no one
will come out and tell you what's really going
on with the junior mining stocks.
There are no bogeymen, or naked shorts to blame.
This time, the pumpers got stuck holding the junior bag -
because there are just too many other choices -period.
SOTB |
