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


To: koan who wrote (71615)9/5/2011 1:15:58 PM
From: onepath  Read Replies (2) | Respond to of 78416
 
>"So the 64$ questions are will gold join the dollar as a currency of last resort and will gold stocks follow gold. They didn't in 08, but I think both of the above will happen this time. "<

I am in the yes camp and if gold stocks do sell off in a big market drop tomorrow as markets catch up to last night's Euro stock massacre i would bet all the big money that took the summer off will be doing the buying side......faked out retail the selling.

World needs a strong and fair U.S. to help stop the slide but all i see in the U.S. is more pain to come for the vast majority as they continue to grow poorer as a small group continues to enrich themselves.No way can an economy turn in those conditions.

Buying more NGD.WT.B. , FNV.WT.A. , and K.WT.D. tomorrow......a sell off will only help me buy cheaper.

Staying with most of my small gold and silver producers as most will be scooped up by the majors.

Reduced or eliminated most low volume traders or warrants so as not to get trapped in any sort of liquidity event and avoiding any underfunded names.

USA.v. i am holding even thou a consolidation is coming.........my exp. with consols is that the price continue to drop as the stock was and is a money loser but that is not the case with USA....it is making big money and the cosol. is to get a better listing.So i am contra. to my contra. and buying now.