SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheSlowLane who wrote (30592)8/16/2011 7:34:59 AM
From: Wade  Read Replies (1) of 48092
 
He is right. All of my technical signals say buy while the volatilities kept traders out. This is the perfect timing for the long term investors to build a nice PF.

I think the pro traders are waiting for the pull back. They think the POG need a hard pull back even Sinclair said this last night:

Some of the finest minds in gold anticipate a very short but brutal reaction in price. The dollar market seems to not agree with a gold correction here.

They thought gold stocks will make a abcde pull back, or this rally is just a x-wave with E-wave analysis. But, there are so many miners are such good deals I wouldn't mess up the opportunities. I am actually surprised that they are sitting around for me to pick at prices I like.

1% cash, 3% metals. 96% miners.

One very important factor is that this is a tiny sector and lots of money want to pile in. What we are seeing is a non-equilibrium and very emotional market. Good trade. <G>

The only most important signal I follow is the "trade weighted broad US dollar index". which I brought up frequently. This index has fallen under its 08 low and this is the reason why POG shot a hole in the roof, imho.

We shall see.

BTW, Chinese Yuan made an ATH vs. USD last week.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News