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  
From: Rarebird3/5/2013 9:18:23 AM
9 Recommendations  Read Replies (2) of 48092
 
If there ever was a contrarian indicator for gold mining stocks, this thread would take the cake. All I hear is how these stocks, which are already selling at record discount levels (look at Gold/XAU Ratio), are headed lower and lower and lower into oblivion.

You mean to tell me that no one on this thread had the guts to buy these brutalized stocks yesterday like I bought GDXJ as my buy limit order got hit at $15.08?

The junior gold miners are not going out of business. Think about that for a moment. I saw the XAU hit 99 in late September/early October 1998 when the POG was at $300. Now the XAU is at 129 and the POG is at 1580.

I see opportunity. But then again, I'm an investor in broken down babies selling at record discounts.

Fear is rampant in gold mining land. That's basically all I read here. But that's the time to buy. My buy limit orders are already in if the sheepie have more to sell.
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