Sunday 20 May 2012

Gold stocks "shooting fish in a barrel"

There is no reason to own gold stocks. Run by poor managers, who don't believe in their product, in countries all too eager to get their hands on more taxation. and yet that is a definition of a bottom...total disdain.

This chart from Morris Hubbartt...shows sentiment at rock bottom...

http://www.superforcesignals.com/images/stories/folder8/rydexpreciousmetalsmay18.jpg

May not be "shooting fish in a barrel" but the huge out performance of gold v the xau, will revert at some point...hopefully in the next 4 weeks...gold stocks can then take off!!..with a double fro here over the next 18 months!

ps - for full disclosure, I didn't see this sort of correction coming!....not with Gold at $1,600USD! Ouch

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