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

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To: Claude Cormier who wrote (63614)2/21/2009 4:04:32 PM
From: Proud Deplorable  Read Replies (2) of 78408
 
We have economic armageddon and you think that gold is overbought? According to who and what? Charts LOL? Got news.....gold isn't going down until there is something worth investing in to take its place. Gold and silver producers stocks? Buy and Hold or run the risk of getting screwed by the hourly traders.

Anyway based on the Bollinger bands of the seniors I predicted a pullback last week but since I don't believe the charts matter anymore because of the fundamentals I don't trade technicals. I think technical analysis is a dead industry now, gone the way of Madoff, Stanford, FRE/FNM, AIG, Lehman and capitalism in general. Those who are still playing the charts are living in the past IMO. The world has changed and I trust the charts about as much as I trust my banker or cable company salesperson.

Here, take this to the chartists....

Every one of the people in the picture below will eventually be buying silver and gold.

news.bbc.co.uk
news.bbc.co.uk

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