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 (41003)	2/15/2013 10:01:00 AM
From: ItsAllCyclical	Read Replies (1) of 48092

Well if you're short there's so much to be gained from breaking 1580/1600 that it seems unlikely that they won't try to test/smash through it. Maybe Chinese/asia coming back from holiday will have an impact, but if I were them I'd probably help gold smash through current support so I could load up much cheaper. We're so oversold that a bounce here would make sense, but as for it being "THE Bottom" color me skeptical. Oversold in the stocks, but gold/silver not remotely oversold on the weekly. What's your crazy target if 1580/1600 breaks on POG? zerohedge.com

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