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: rubbersoul who wrote (39961)	1/2/2013 5:19:20 AM
From: TheSlowLane	Read Replies (1) of 48092

Well....saying he is just as bearish as he is bullish makes it sound like he isn't sure whether or not we are in a bull market, which I think you would agree is not the case. <g> I think he is quite sure we are in a gold bull market, but not at all certain how the short-term is going to unfold. As he has said over and over again, the levels that he is watching intently are 1432 and 1800. Those are the only places where he thinks substantially more allocations could be made to gold but only after coming screaming into those levels from above. In other words, don't buy 1800 unless we are correcting from 2100 or something along those lines. He has also cautioned that much if not most of the time chart patterns do not work out and that things were going to get increasingly difficult to predict.

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