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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.
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To: The1Stockman who wrote (1803)6/18/2014 12:24:32 PM
From: Robov1 Recommendation

Recommended By
CurveBall86

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These guys are programmed to only see value in the broad markets and broad market equities regardless of how over extended they are? They seem/are blind to the fact that there is limited upside value in the broad markets vs the mining shares that are, as Faber rightly points out, down as much as 80% or more vs the S & P/Dow at record highs. And speaking of track records how many of these schills were mocking the likes of Peter Schiff in 2007 as he warned abut the coming crash as a result of the housing bubble.
Like I said the huge increase in volume in the the mining Vectors GDX/GDXJ speak volumes. (pun intended?). Whether price stagnates through the summer or goes sideways/slightly back down the fact is the volume indicates there has been some substantial accumulation going on in this sector unlike any seen since the inception of the GDXJ.
The GDX chart is even more staggering as its data goes back even further. These are record volumes and tells me that someone is massively accumulating at a bottom expecting much, much higher prices into the future. The current volume in the GDX is multiples higher of what it was at the bottom of 2008. Volume at the bottom of 10/31/08 was 167.2 million on the monthly vs 600 million to over a billion per month since forming the top of the left shoulder on this current bottom. This is one of the best classic H & S bottoms I have ever seen. These are staggering pictures IMHO. How many of the gold bugs have been claiming for months that this sector is set up at these levels to see massive, massive % gains of 1,000% or more in some cases. This sector in the coming years will probably see gains unlike any other in history. And I am not about to try and catch the exact bottom because when the train leaves the station you will want to be on board.


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