... which is why I think a significant bottom is in ... unlike
the last two 50 % bounces in the gold indexes over the past 12
months, I was begging the gold gods not to let these stocks
fall, knowing the amount of devastation that was possible.
Now, I'm begging for them to come back down. This is
probably as nicely bracketed , wide range I can recall in the gold
sector. And it's undergirded by sound fundamentals and
negative sentiment and record volume in the GDXJ etc..
Moreover, bellcow AEM (RGLD etc.) has already "retested" it's
lows twice in April and May and made higher lows. This stock
didn't go lower then - it isn't going lower now. It projects
to $48. This is an explosive cupping formation. If it
gets to $48 via 37 or 34 I would jump for joy. If it
gets to $34 via $48, which I would consider more likely now, I
wouldn't care for that so much.
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seems like we need a
Ringing A Bell On GDXJ Bottom
Posted by joe12pack on 8th of Jun 2012 at 11:25 am
seems like we need a retest of the low to confirm....
This Time I Want Gold Stocks To Come Back Down
Posted by cmunny on 8th of Jun 2012 at 02:25 pm
... which is why I think a significant bottom is in ... unlike the last two 50 % bounces in the gold indexes over the past 12 months, I was begging the gold gods not to let these stocks fall, knowing the amount of devastation that was possible. Now, I'm begging for them to come back down. This is probably as nicely bracketed , wide range I can recall in the gold sector. And it's undergirded by sound fundamentals and negative sentiment and record volume in the GDXJ etc..
Moreover, bellcow AEM (RGLD etc.) has already "retested" it's lows twice in April and May and made higher lows. This stock didn't go lower then - it isn't going lower now. It projects to $48. This is an explosive cupping formation. If it gets to $48 via 37 or 34 I would jump for joy. If it gets to $34 via $48, which I would consider more likely now, I wouldn't care for that so much.