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

To: John McCarthy who wrote (45201)	6/29/2013 10:12:02 AM
From: SwampDogg	2 Recommendations Recommended By baystock silvertoad Respond to of 48092

One of the largest reasons for the bull market out of 1999-2001 was the end of central bank gold sales. As investment demand grew one of the major sources of supply was gone. Now we have the ETF market selling as the real only source of supply (this is even evident in some of the bearish research calls out there). The fact that the ETFs don't have much left is a good thing. IMO the GLD will not be as big a player on the next move up. Back to the physical and miners as the structural issues with the ETFs trump the benefits of liquidity and convenience. Interesting seeing some of the pundits that have been correctly bearish recently looking for another low. This might be a classic case of being very right and then being too clever at quite an extreme. Was the case with the general market in 2009 with some looking for 400-500. On these miners don't know how much cheaper people wanted and when you see the action in silver and the silver stocks over the past few days the great potential is that this is done. Market has seen that these stocks have a pulse, That is usually all that is needed..