Posted by dallassteve on 9th of Dec 2011 at 05:40 pm
Hey, rp
I have been watching the same channel, and waiting for the
correction. I am biased: I would love to see a larger
correction in order to pick up some more physical gold, and silver,
too. Has Matt given up on the possibility of an larger ABC
correction? I have not had time for the newsletters this
week.
GDX is another story. Awful performance this year, just
consolidating. Valuations are at multi-year lows. If we
got a correction here, I would be a big buyer. If we compare
this consolidation to the one in 2004-5, chances are we near the
end of the consolidation period.
GLD
Posted by dallassteve on 9th of Dec 2011 at 05:40 pm
Hey, rp
I have been watching the same channel, and waiting for the correction. I am biased: I would love to see a larger correction in order to pick up some more physical gold, and silver, too. Has Matt given up on the possibility of an larger ABC correction? I have not had time for the newsletters this week.
GDX is another story. Awful performance this year, just consolidating. Valuations are at multi-year lows. If we got a correction here, I would be a big buyer. If we compare this consolidation to the one in 2004-5, chances are we near the end of the consolidation period.
More at The Daily Gold: http://thedailygold.com/featured/why-gold-stocks-have-underperformed-and-what-lies-ahead/?p=12251/