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It’s hard to imagine most of the gold juniors being held back much longer once tax loss season is over after Christmas in fact the last two days before the holidays may present some excellent buying opportunities especially if the gold price is accommodating. DT
Agreed, Machine Gun
Very slippery, very slippery
You can’t hit a moving target!
Once again GS flip flops while trying to maintain any semblence of credibility.
Sort of like the Fiddler on the roof, trying to play beautiful music while keeping his balance.
The first comment I would make is crossing your fingers and hoping is not an investment strategy.
The second comment I would make is why are you hoping for higher gold prices if you are on the sidelines? Why not make money no matter which direction the market goes? If you are right about the direction and timing you will make money regardless if you go long or short? So why should it matter?
Changing ones opinion is fine, but everyday?
That is no longer analyzing, it is simply commentating.
People actually pay money to hear you recap the news?
Don’t mean to bash but this is not productive, IMVHO
People don’t pay me any money! (But if you would like to, I can send wire instructions!)
Seriously The Greater, your commentary is very valid. I personally feel; however, that “staying nimble” is important to me. All I can say is maybe some people want clarification on the news. I think that is okay.
Dick Tracy: Well put.Technically the cdnx.v is a dream chart.The patient are soon to be rewarded.
You could very well be correct John K and I am counting on it.
The real beauty of this down move on the cdnx.v is that is has seperated the chaff and allowed the cream to rise to the top.
Now the market has put the”cream” on sale. Merry Christmas
And back at you John K!
Al, I am never referring to you in any of my commentrary…
Does that mean that you don’t want those wire instructions?
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Thanks Gary! Always appreciate your insights.
As do I, Clark
Al, more than half the people who post on your site are Canadians, with an Englishman and an Irishman to boot, North Americans south of the Canadian border are not resource investors but that could change in the new year when the world discovers commodity stocks once again, brace yourself if that happens, you have done a good job at bouncing the ball but next year I think you will be pleasantly surprised; although I’m sure you see a similar outcome. DT
Yes I certainly do, Machine Gun!
Happy friday the 13th, news is bad, news is good depending whether you are a bear or bull, war between Japan and China ? Perhaps taper will be good for the metals, since everybody thought that having Obama as President would be good for metals to rise. Seems like what we expect what makes for profits is just the opposite in this present market. The upside down market – Its a wonderful life if your a banker. …
Yeh Dennis, but I will bet that will change!
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I respect Gary’s intellect and his intent, however, he is constantly whipsawed by whichever way the wind is blowing on any particular day. On up days he says the bottom is in, on down days Gary throws in the towel and wants to close positions. If one follows his trading / position advice your account will be die an agonizing death.
Hi David, we all know the resource market is on an extreme fear footing now, I just hope many of us can handle the greed needle when it becomes reality, and have an exit strategy that is implemented. Of the two I find the latter more problematic but I am now more grounded on these matters. DT
Exit strategy is critical!
As I have said over and over again David, I never just listen to one person!
Those who understand sign language say that Thamsanqa Jantjie was “flapping his arms and talking gibberish” while interpreting Obama’s speech.
To me that sounds like an accurate interpretation of most politician’s speeches.
Yes, it certainly does Irwin!
Gary, Fred, Sam, Don, Donna, it does not make a difference, this is a convoluted market. and normal thinking about fundamentals and technicals are all screwed up.
YOU have to think long term on this stuff–gary says it says it when he says it chews the short term traders up.
thats whats creating the weird volatility-the smaller short term traders like Gary and the HFT traders .
usually volatility at tops and bottoms goes wild. The question for gold is whether this is a major bottom, or a high point in a move down.
then you look at fundamentals and ask how are countries like the US going to reverse the downward spiral? Beats me. 5 years of heavy duty printing and the banks are not fixed and the consumer is not fixed. Housing is not fixed. Ever drive by an auto dealer lately? Lots are full and they are using parking lots of closed big box stores or locally a saturn and pontiac dealer to store cars.
this is not an easy time to invest in anything.
But it could be where the big money is made.
This bottoming process in both PMs and the PM stocks is more and more reminiscent of the way the stock market ( Dow ) bottomed in December of 1974. The volatility was mind-boggling. 20 points up, 15 points down – or the other way around – and remember this was when the Dow was in the low 500’s after grinding everybody into hamburger over the Brutal Bear of ’73-’74; a 20-point day on a percentage basis was a 4% move. But it was what it was. And when it was over came the spectacular rally out of that bottom in early 1975. The imminent PM rally could easily match or surpass what transpired then.
I have to agree with you ManAbout
Gary was one of those people that was calling for $3000 gold within months!!!! You say you have no time for these people yet you have this idiot yapping his moronic ideas here every morning
I don’t understand your love affair with this idiot
When the facts change, Mr. Savage changes his mind. What do you do in the face of changing facts, “ms” ?
ms Just bypass any on this site whom you deem to be idiots!
Mr. Gary Savage has no clue about the future market´s movement. He says one thing, then another. I recommend to only listen to him with half an hear.