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


To: Zincman who wrote (41016)2/15/2013 12:18:26 PM
From: NOW  Respond to of 48092
 
1300 looks more likely techically



To: Zincman who wrote (41016)2/15/2013 12:46:54 PM
From: benwood2 Recommendations  Respond to of 48092
 
In my experience here on SI, which greatly predates the previous two bubbles, chest pounding and ridicule and name calling and bragging appear near turning points. I'm sure all the regulars here have seen that.

When the final turn occurs of the secular bulls (e.g. Naz and RE), the bragging, invincibility, and unmitigated glee phase lasted at least a full year each, and the denial was incredibly strong for quite a while afterwards -- also at least a year.

In the PM arena, nothing even remotely close to those two behavioral trends has yet occurred, just little spats and insults and so on. It got frothy in 2011, and I saw a lot of people appear elsewhere, but few here.

It does bother me that CBs are buyers. The were sellers at the worst possible time, after all.



To: Zincman who wrote (41016)2/15/2013 12:53:04 PM
From: NOW1 Recommendation  Read Replies (1) | Respond to of 48092
 
on the other hand, GLD has aLWaYS been a buy at least st-it when the RSI got down to these levels
so unless the bull is dead, i bet this is roughly a buy
I will hold out for 152 area before adding

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