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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (62441)	12/1/2008 9:44:24 AM
From: ogi	Read Replies (1) \| Respond to of 78407

Hi Dak, I still want to be long gold but had anticipated this correction by little more than intuition. I still think there will be selling in Dec for tax losses and doubt all the hedgies have finished selling either. This remains a trading market, perhaps around a core position but the remainder should be sold on gains. If we hold a core against higher lows we can be careful and still participate if the market slowly crawls higher. Cheers, Ogi

To: LLCF who wrote (62441)	12/2/2008 7:43:55 PM
From: E. Charters	Read Replies (1) \| Respond to of 78407

I think the absolute bottom for most shares, gold or BM's will be the fall of 2009. The trough may be 24 months. Not long if you say it fast. Some deals may in time, as things shake out, reverse the equation. I believe there is always an "it all depends" part of every equation. Remember we already had a mining debacle. It lasted from 1998 to 2001. 36 months. It took 2 years to get hot. 2001 to 2003 and it was obvious where everything was going. Sun spots are 11 year cycles. Hares are 7 years. I find Canada Mines Handbook stocks are 5 to 7. Troughs are about 3 years from penultimate low to trend back up clearly. EC<:-}