UXG is at resistance. GDX-System will go to a sell and
Gold-Silverstocks are underperforming this week. I'm very bullish
for the medium/longer term, but lots of gold and silver stocks are
struggling here. Maybe a last washout (along with a wave C in
GLD?) and then up?
Matt/Steve, are Goldstocks the place to be or are you with the
GDX-System?
Posted by billnew52 on 15th of Nov 2011 at 04:13 pm
My opinion, for what it is worth. It seems like the
attention is on sovereign debt and not so much the actual
currencies (dollars or euros). When the debt debacle is dealt
with and reality sets in, then attention will be focused on the
declining value of the currencies. It will be at this point
that gold makes a steady, unrelenting ascent (with pullbacks and
corrections that are healthly). When the path is clear for
gold, then the logic of the gold miners will become
undeniable. I don't see this happening until Q1 2012 or
later. We are not there yet. FWIW.
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UXG
Posted by FIGO on 15th of Nov 2011 at 03:28 pm
UXG WANTS 5,09
Be careful Figo. UXG is at
Posted by zwyss on 15th of Nov 2011 at 03:41 pm
Be careful Figo.
UXG is at resistance. GDX-System will go to a sell and Gold-Silverstocks are underperforming this week. I'm very bullish for the medium/longer term, but lots of gold and silver stocks are struggling here. Maybe a last washout (along with a wave C in GLD?) and then up?
Matt/Steve, are Goldstocks the place to be or are you with the GDX-System?
Wave C for Gold
Posted by billnew52 on 15th of Nov 2011 at 04:13 pm
My opinion, for what it is worth. It seems like the attention is on sovereign debt and not so much the actual currencies (dollars or euros). When the debt debacle is dealt with and reality sets in, then attention will be focused on the declining value of the currencies. It will be at this point that gold makes a steady, unrelenting ascent (with pullbacks and corrections that are healthly). When the path is clear for gold, then the logic of the gold miners will become undeniable. I don't see this happening until Q1 2012 or later. We are not there yet. FWIW.