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Strategies & Market Trends : Ride the Tiger with CD

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To: ralfph who wrote (207784)	12/15/2011 11:33:44 PM
From: SwampDogg	5 Recommendations Read Replies (1) of 312864

IMO this is actually turning out to be the most bullish scenario for gold and gold stocks for the next few years. The fact is in retrospect that many gold equities have been correcting from as far back as 2006. The metal looks to be doing a normal retracement and this may continue for the first half of 2012. It looks like we have a major low in the ratio of gold to gold stocks. One may see a rally in gold into Feb and then a final low in the 1300-1400 area Apr-Jun. It looks like the current range in the HUI/GDX may hold with gold stocks outperforming the metal over the last part of this correction. This is what is normally seen at the end of consolidations. If one looks at long term charts of stocks like AEM, KGC, HMY etc it is quite clear what has been going on here. The moonshot gold bull market will be the biggest thing that we have ever seen and the opportunity here is amazing. Tax issues have presented opportunities in quality issues that will probably not be seen for many years regardless of the price of the metal. It seems that gold bugs underestimated the size of this bull market and the state of the current issues when this all started in Sept of 1999. We may have another 6 months of trial and opportunity but perhaps this is about as bad (or as good) as one might see. One important point...real chance to sell grassroot chance plays and to buy proven metal in the ground here. IMO the Yukon story is going to be really tough. May get a bounce in Jan but... Deals are the wildcard heading into 2012. At anytime ones lotto ticket may hit if one owns quality. Happy Holidays edit If gold turns and goes to new highs in the next couple of months we have the 1980 scenario...personally I do not want to see that. A 3 year bull like 2001-2003 would be much better.

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