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

To: Greg from Edmonton who wrote (42585)	4/14/2013 11:35:29 PM
From: NOW	Respond to of 48092

why?

To: Greg from Edmonton who wrote (42585)	4/15/2013 8:05:37 AM
From: Mike M2	1 Recommendation Respond to of 48092

Yes, definitely going to hit many stops today combined with margin calls and liquidation to meet potential hedge fund redemptions. This sunday/monday move is what I feared/expected. After the announcement of QE 4 I never thought we could go this low but here we are. Some weeks ago I decided that I wanted a clear bottom before going long in a big way. I expect I will try to day trade some miners maybe NUGT. I still feel this sell off was orchestrated but the damage is quite real obviously. The origin of the sell off is an important issue because it the gold market will bottom sooner if orchestrated or later if the action in gold suggests deflationary forces over stronger than the central banks printing press.