Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: gold$10k who wrote (31142)	9/6/2011 8:33:23 PM
From: TheSlowLane	3 Recommendations Read Replies (4) of 48092

Well, ST has suggested that what worked in previous phases may not work or worse may be detrimental as we cross the threshold into a new phase of the bull/crisis. He believes that gold has been above 1500 for long enough in time and price to attract the institutional money managers and that they are starting to flow cash into the sector as part of a long-term allocation strategy. Gold first, then seniors, then mid-tiers, then juniors. That's the idea, anyway. Once that type of allocation strategy gets implemented is not something that would get quickly or easily reversed so you'd expect the institutions to be there at every dip. By the way, he does not say that we WILL see gold drop $500/oz from here, just that it could do so and, in his opinion, the stocks could continue rising due to the buying just discussed and the fact that nowhere near 1900 has been priced into the stocks. That's my read on it anyway...

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