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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (27847)

5/27/2012 5:57:58 PM

From: carranza2

8 Recommendations Read Replies (1) | Respond to of 29622

You said:

My main point is, sooner or later they are going to take these things to the cleaners. So sit there while they take your profits.

Then you said that said technical analysis provides the reason why...but you have not given us any technical analysis to back up your original statement.

Now you give us the post to which I am replying, which is not news to anyone.

I think you make it up as you go along or are hopelessly confused.

Miners are 35%-40% off their highs. They have already been "hurt".

To: Bonefish who wrote (27847)	5/28/2012 6:29:06 AM
From: TheSlowLane	3 Recommendations Read Replies (1) \| Respond to of 29622

The GDXJ chart I posted shows a 50% decline...but who's counting? ;^) "Indeed, market bottoms are usually characterized by a step-down, or ‘waterfall’ decline on heavy volume. In essence, the ‘flight’ emotion takes over and people tell their brokers and advisers to ‘get me out at any price.’ That pattern usually signals the end of an intermediate move. What serves to end the emotional panic, generally coincides with a negative effect on the person’s future financial condition." - Robert Fitzwilson kingworldnews.com