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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 (41425)	3/5/2013 10:28:35 AM
From: ItsAllCyclical	2 Recommendations Respond to of 48092

>> Have to admit I am surprised to read so many emotional posts/articles (FA) on the web on why gold just absolutely can not go down. << Maybe on the perennial bull sites, but I see the opposite now. I see a lot more articles talking about the downside to gold. You have GS saying gold is done. You have hedge funds at record 14 year highs on short positions. Mining equities on a number of measures have been obliterated. You also have more mining execs publicly saying that gold could go lower first and frustrate more bulls. Sentiment/valuation are there. We just need technicals/money flows to comply. A bear trap (fresh 52 week lows followed by a quick reversal) would be perfect setup at this point. We should see physical become more scarce before we bottom. Don't see it yet.