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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (202640)	8/18/2011 11:58:10 AM
From: Canuck Dave	Respond to of 312884

Agree. One I didn't sell. CD

To: Veteran98 who wrote (202640)	8/19/2011 1:14:58 PM
From: Veteran98	Read Replies (2) \| Respond to of 312884

JAG having a great day after they tried to whack it back under the 200 dma yesterday. Looked like they were trying to stop it getting past 5.75 for today, but it just broke through that and now at 5.78 up .43.... Excellent read... a piece written by Morris Hubbartt at 321gold.... 321gold.com My analysis of the GDX chart indicates that gold shares are preparing for a magic carpet ride, and the smartest money is working, on days of weakness, to get your shares. The greatest fundamental of the mining shares is the price of gold, and the smartest money understands very well what the current central bank buy programs eventually mean for gold stocks, which is much higher prices. Every time the market takes a hit and someone sells into weakness there has to be a buyer. It may be hard to watch the volatility in your assets, but please do not sell these shares in times of price panic. Remember when the Dow was trading at 3000 and those saying it would go to 10,000 were labeled insane? Well it did it, and it only took five years. I think a bigger event is coming on the upside for gold stocks. Still, that gain will come one small dollar of share price at a time for GDX. My price projection for GDX on Dec 24, 2010 was $70.00, looking one year forward. That target looks solid and reasonable.