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

To: Rarebird who wrote (41418)	3/5/2013 9:57:26 AM
From: zamboz	Read Replies (2) \| Respond to of 48092

Would it not make sense to see if the 1560 level holds for POG?

To: Rarebird who wrote (41418)	3/5/2013 10:11:30 AM
From: ItsAllCyclical	5 Recommendations Read Replies (2) \| Respond to of 48092

I like you posting here, but I take a few exceptions with your post. >> All I hear is how these stocks, which are already selling at record discount levels (look at Gold/XAU Ratio), are headed lower and lower and lower into oblivion. << You can believe things are heading lower, be long and also believe they are not going to head to oblivion. Even Zincman who is probably the biggest bear here believes CKG may head to $4 again. That's not oblivion. Gold at $1,000 or 1,200 or 1,400 is not oblivion. >> The junior gold miners are not going out of business. << Actually many of them are or will be with a protracted range on POG thru 2014. Majors are not buying and mid tiers are buying very selectively. There is a lot of junk out there that needs to go out of business. Many countries that were previously mining friendly have gone the other direction and very few in my mind are going the other way. Hugh Henry is for the most part correct on buying mining equities. That said I see opportunity as well. I'm selectively buying or rotating into higher quality plays. But I also think new 52 lows in POG are more likely than bottoming here. The stocks appear to be leading. I don't think playing who's the biggest bull serves any purpose here. Mining companies have been very poorly managed in general and the industry shares a good deal of blame on why prices are back to these levels.