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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 Pitera who wrote (45210)	6/30/2013 9:56:34 AM
From: Fintas	Respond to of 48092

I usually put up what I refer to safe numbers. Sort of like making a commitment to something that one knows is SAFE. Even if it seems ridiculous at the time. In a way it's hustling.The risk is ignoring the safe number. It works in both directions. Many probably don't remember but I was presenting the PM sector being too far right and in the high 80-90 area. As I did I presented that PM would ROLL LEFT and as it did it the price of Gold would fall further than most were considering. Why did some IGNORE that detail? . Simply stated, at the time so many were looking UP towards 3000, An upside number that is out there and a number many YEARNED. They just wanted to see it be hit. It was a great number, a great win, a great thrill. So much so they IGNORED the details and nuances that were screaming ROLL, ROLL ROLL down and not just to 1700/1500 but lower. OK so here we are and as you wisely point out many are NOW LOOKING for gold to ROLL MUCH LOWER.. Some are at 480> Some are at 650. Some are at 972. The 480/650 are unlikely. Given the right set of circumstances and 972 is not far fetched. There are also those who see 1017, some 1100, some 1160. From a recent low of 1179 ish one can see the % down. And to the up, 1270/1324, 1379/1398.....And then the 1458/1620/1786. etc to that same desired 3000.. One should see that unless LOWER got below 900. The UPSIDE % supports the LONG. I've done the work to feel very comfortable GOLD will go lower. Just as all realize LOWER could just be a VERY small % and number. I'll re- iterate that; LOWER can be but a SMALL %. HOWEVER my SAFE NUMBER was 1220. Some paid attention and most ignored it. Have a good one and thanks for your posts.I enjoy reading them and they help with my processing issues.. Fintas