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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.

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To: The1Stockman who wrote (1775)4/4/2014 10:33:44 PM
From: Robov   of 1954
 
Totally agree with your assessment. I too have a sense we are ultimately going a little lower to at least test are previous resistance level between 1250/60. The 100 SDMA currently sits at 1272 and I expect at the very least a test of this level which we came just short of this week. A test of 1250/60 could definitely create that spike low in MUX down to the teens. I relish the thought of being able to buy back in at that level even if I have to hold it through the summer doldrums and it even drops a little lower. The fall tends to pick up again and I reiterate there are so amny black swans floating just beneath the surface right now that it wouldn't take much for gold's safe haven status to draw in buyers QUICKLY.
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