Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wade who wrote (45659)	7/13/2013 1:31:27 PM
From: Fintas	Respond to of 48092

Perhaps Gold dropped due to being up significantly since 2003 ish. Many NEEDED something that was liquid and they began selling. The selling was exacerbated due to things levered. As a result we have seen the drop and the question now is was enough reconciled or is there more to come? My work suggested a 1220 from the highs It has also presented the bounce that is now being seen as was the last one where MANY bought off the 1335 to 1450 ish. ONLY to see it go LOWER. NOW many buy off the 1180 and yes it's pushed 1280. However whether that bounce stops at 1300 or 1342 or to another number considered above will be determined over the next weeks. Yet beyond that my work CONTINUES to support a LOWER low will be seen. So if one wants to avoid being one who did what happened from 1335 to 1450. One might want to show some patience and wait. Traders can trade their brains out. BUT NO one is giving anyone back the money to those who paid 1700/1500/1400. The why GOLD will go lower may only be known by those who know. However I suspect it has to do more with NEED then what you present. IMHO Fintas

To: Wade who wrote (45659)	7/13/2013 3:59:40 PM
From: Wade	1 Recommendation Recommended By Anchan Read Replies (2) \| Respond to of 48092

In the mean time we have a good read from trader Dan: traderdannorcini.blogspot.com