Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category

Back to Bullish on PM Sector

IMG Auteur
Published : February 20th, 2012
396 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

 

 

 

 

Closed out my "short senior Gold stocks" trade last week for good profits. My subscribers and I bought the early Thursday AM lows in senior Gold stocks and silver. Think we have begun a 4-6 week bull run into a spring top. After that, we'll have to wait and see what happens.

I will be very interested to see how Gold does during this move. I think it re-tests the 2011 summer highs. Here's a one year daily chart thru Friday's close:




After the spring top in mid to late March, we'll likely get a significant correction. A new all-time high in Gold would likely indicate a milder correction than if the price gets stopped at or before the old highs. Either way, I am bullish for the next month in the precious metal (PM) sector for my trading account and think all PM sectors will do well.

Longer term, I own physical metal and don't worry about it as an investment at all. Now that the ECB is trying to [further] undermine the integrity of its bond markets by putting itself at the front of the line and subordinating other European sovereign debt holders in the Greek debacle, the final pillar is coming into play. That pillar has been pointed out by Mr. James Sinclair at jsmineset.com and it is that of the bond markets of the Western world. Once people are seriously worried about the safety of bond markets and currencies, Gold will really start to, ahem, shine. Everything is lining up to create "the mother of all bull markets" in Gold and silver.

Of course, this is all just a normal reaction to the financial mania that preceded the current secular Gold bull market. A secular correction in the
Dow to Gold ratio down to 2 or less (we may well go below 1 this cycle) will teach everyone to avoid common stocks forever. Everyone will have learned their lesson the hard way. This, of course, is when it will finally make sense to buy common stocks again as a "buy and hold" proposition. In the mean time, it's all about the bling bling for this secular cycle. All you have to do to ride the wave is buy pieces of shiny metal and watch your wealth and real purchasing power grow while paper assets are debased into oblivion. What could be easier?

 

 

 

<< Previous article
Rate : Average :5 (2 votes)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Crash of the Bank of the Uni...
01 Augsam_site
AN ASTOUNDING EXPOSURE What no one recognizes to this day is that the Fed stole America's gold and shipped it to Germany causing b...
Iran Agreement Boosts Peace, Def...
29 JulArtboard
A US Naval vessel shot down an Iranian Passenger Jet with 300 passengers, over the Persian Gulf on the 3rd July 1988, they mistook it for a Fighter...
Will Uncle Sam Confiscate Gold A...
31 Julovertheedge
"... , generally larger amounts would be safer stored in the safest vaults in the world and in the safest jurisdictions in the world." An...
Gold market liquidity and manipu...
29 JulPD
Bron, I was wondering if the planned Allocated Bullion Exchange (ABX) would have any impact on the liquidity of the Gold market. Would it not at le...
Is the gold price manipulated?
29 Juldanzas1231
This article is a joke. Please stop writing baseless garbage. There is enough real evidence of the things you're still calling conspiracy. GATA hav...
Is the gold price manipulated?
28 Julkeith952
... if one takes the dumping of an usually high tonnage of gold at an illiquid time in the gold market aka the Monday one week ago - then such 'b...
Gold Reserves and GDP: China is ...
30 JulWilliam Tan
Shakespeare was right; "The world is a stage." Unfortunately we have all the bad actors acting at once.
Iran Agreement Boosts Peace, Def...
28 Julsonora69
You have a point. The 2003 Iraq invasion is mostly now considered an ill-advised and unjustified destabilization, with regional & political consequ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Vena Res.(Ag-Au-Cu)VEM.TO
Provides Update With Regards to the Arbitration Concerning the Azulcocha West Project and Enf
CA$ 0.04-35.71%Trend Power :
Exploration and drilling
Rockwell(Cu-Gems-Ni)RDI.TO
Announces Delay in Annual Meeting and Meeting Date
CA$ 0.20-2.44%Trend Power :
Corporate news
Eldorado Gold(Au-Fe)ELD.TO
Reports 2015 Second Quarter Financial and Operational Results
CA$ 4.50+11.39%Trend Power :
Financials
Endeavour Financial(Ag-Au-Co)EDV.TO
Mining Q2 2015 AISC/oz of $898, Profit of $33M And $20M Debt Payment in July
CA$ 0.51+8.51%Trend Power :
Corporate news
Mawson Res.(Au-Ur)MAW.TO
Restarts Drilling at the Palokas Gold Prospect in Finland
CA$ 0.17+6.25%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
Achieves Record Quarterly Gold Production; Updates 2015 Cost Guidance
CA$ 17.45+6.01%Trend Power :
Production
Claude Resources(Au-Cu-Ngas)CRJ.TO
Provides Date for Q2 Results and Conference Call
CA$ 0.65+3.17%Trend Power :
Corporate news
Richmond Min.(Ur-Au-Gems)RMD.V
- Exploration Update
CA$ 0.09+0.00%Trend Power :
Corporate news
Arianne Phosphate(Ur-Mo-Ti)DAN.V
Extends the Term of Warrants
CA$ 0.88+2.33%Trend Power :
Financings
Anaconda Min.(Au)ANX.TO
Reports 12.83 g/t Gold Over 4.38 Metres and 8.55 g/t Gold Over 4.97 Metres from Channel Sampl
CA$ 0.05+25.00%Trend Power :
Corporate news
Comments closed