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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (30396)8/8/2011 4:56:07 PM
From: carranza2  Respond to of 48092
 
I would not mind it if it dropped 20 or so.

Our friends in Asia might be buying a lot of it.

This is a complicated SOB.

So far so good, got stopped out of NGD at higher prices than those reached today, but only bought back tiny micro pieces of it. No rush.

If gold get hit tomorrow, I am a buyer. I can smell the mania starting



To: gold$10k who wrote (30396)8/8/2011 5:09:52 PM
From: TheSlowLane  Respond to of 48092
 
Also, we are now very close to Sinclair's 1764 level, where he has said he anticipates resistance, as that is the threshold of the parabola, if I am reading him right. My juniors were a mixed bag today. Some were up, some were flat, some were down about 10% but mostly on very little volume. If we knew how many shares could potentially come out of a forced deleveraging washout that would be useful but I don't think it's posted anywhere...



To: gold$10k who wrote (30396)8/8/2011 6:03:54 PM
From: gold$10k2 Recommendations  Read Replies (2) | Respond to of 48092
 
Moreover and most importantly...

while the Dow fell 600 points, GDX and HUI were positive most of the day and ended essentially flat. I find that encouraging, but not enough to make a big bet yet..