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

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jacob Snyder who wrote (43286)	6/10/2013 12:02:11 PM
From: Jacob Snyder	Read Replies (1) of 48092

Sold my NEM today at $34, at a modest profit. My LT outlook hasn't changed; I'm expecting to buy back at $30 and down. I don't like the way NEM keeps bumping up against its 50dma and stalling. It's done that every day for the last 6 trading days, and it's done that repeatedly since last November. If the Fed (and other cental banks) can gradually reduce QE (which they are now hinting they will do, or at least would like to do), then gold and miners may go flat, or drift down. This may continue for an indeterminate period, until the next crisis, when they will "fix" the problem with more QE. That, in turn, will mean a resumption in the secular bull market in gold. Until then, the buying opportunity continues.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next