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


To: cmg who wrote (45676)7/14/2013 6:50:26 PM
From: GROUND ZERO™  Respond to of 48092
 
Maybe, but for the meantime I'm long on my model's buy signal from early last week...

GZ



To: cmg who wrote (45676)7/23/2013 12:53:27 PM
From: Rarebird3 Recommendations

Recommended By
Eva
Veteran98
weatherguru

  Read Replies (1) | Respond to of 48092
 
When to get back in? Don't expect the market to hand you an opportunity here. The junior gold miners (GDXJ) are 35% off their lows. If this is the early stages of a Major Bull Run, pull backs will be shallow and the rise will be met by disbelief from bears and bulls alike. Hedge funds and big momentum players won't discriminate: they will be looking for the next hot sector; they couldn't care less where it comes from.

These stocks are so dramatically oversold that a move back to their 52 week highs would hardly relieve that oversold condition.

It was insanity on the downside. Don't expect any difference on the upside.