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Strategies & Market Trends : Canadian Junior Resource Roundup
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To: Rarebird who wrote (447)12/17/2016 3:40:56 PM
From: Claude Cormier1 Recommendation

Recommended By
isopatch

   of 4478
 
No one is considering the possibility that Gold and the Miners have resumed their bear market...

Clearly it is a possibility and I am considering it by having a lot of cash avail... buit it is a very remote one.

Now that gold has gone easily through support since the election, the most probable scenario is exactly what happened in 1999-2001, a retest of the lows which would correspond to a perfectly acceptable wave two of this new bull market.

I have been a gold bear since mid-summer cashing on our winners and I know many who have done same.

Next support is at $1045 then it becomes $900-1000, so yes $850-$875 could get it in a final panic mode.

I agree with you the short term fundamentals are not exactly positive right now.

But a lot can happen real quickly.

Better be ready to load the gun... we only probably have only a few months to be ready.
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