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.

Strategies & Market Trends : Canadian Junior Resource Roundup -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (447)	12/17/2016 3:40:56 PM
From: Claude Cormier	1 Recommendation Recommended By isopatch Respond to of 4478

No one is considering the possibility that Gold and the Miners have resumed their bear market... Clearly it is a possibility and I am considering it by having a lot of cash avail... buit it is a very remote one. Now that gold has gone easily through support since the election, the most probable scenario is exactly what happened in 1999-2001, a retest of the lows which would correspond to a perfectly acceptable wave two of this new bull market. I have been a gold bear since mid-summer cashing on our winners and I know many who have done same. Next support is at $1045 then it becomes $900-1000, so yes $850-$875 could get it in a final panic mode. I agree with you the short term fundamentals are not exactly positive right now. But a lot can happen real quickly. Better be ready to load the gun... we only probably have only a few months to be ready.

To: Rarebird who wrote (447)	12/17/2016 3:52:04 PM
From: forbrydelsen	Read Replies (2) \| Respond to of 4478

Rarebird, i absolutely agree. I think right now its a complete toss up as to whether this is a pullback in the gold sector or a resumption of a longer term Bear trend. And yes, it appears most investors are assuming the former and discounting the latter. Nobody knows what the future may hold. In 12 months, gold could be $1800 or $800 or anything inbetween. Buying some names one likes on the pullback may be a good idea but also preparing to exit the sector entirely if things really break down is important too, the same of which can be said for any other sector also, of course. It just seems the perma-gold bugs have the loudest voice at times and the longest memories :)