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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Bonefish

TheSlowLane

To: Jacob Snyder who wrote (46046)	8/16/2013 6:00:21 PM
From: Jacob Snyder	2 Recommendations of 48092

changes in gold demand: seekingalpha.com So, the drop in demand (and hence price) was because ETF selling was greater than buying of bars, coins, and jewelry. I am still on the sidelines, and probably will be for a while. I expect miner stocks will trough sometime in the 6 months beginning when tapering starts (4Q13). I expect the Fed will try to taper for a while, and then have to go back to QE to stop LT treasury rates from going too high. For now, I'm betting the recent rally in miners is a bear market rally, and will be given back. If I'm wrong, I've wasted time (but no money) looking at this sector.

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