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Message: CDNX is currently trading at about the same level as it did when gold was $400

http://www.gotgoldreport.com/2011/11/got-gold-report-season-of-blue.html

Notice, please that the CDNX is currently trading at about the same level as it did in September of 2003, back when the price of gold had not yet taken out $400 and the price of silver was below $5. Notice also that measured from the previous peak, we are involved in the second largest “correction” for the CDNX since the precious metals bull markets began. This is not, repeat not, a “normal” market correction, which will come as no surprise to Vultures.

Instead, this is one of those rare market events where extreme sell/buy imbalances are to be expected – for a time. Therefore we cannot rely on the “normal” zones of where we expect strong support to form on our Little Guy charts. Rare periods like now, when people lock up in fear; when there is an overabundance of negative liquidity, virtually all of the small resource companies in our universe are affected.

Under these conditions we can expect and position for extreme bargains. That is why a couple months back we chose to temporarily abandon our “normal” opportunity boxes and chose extremely low, panic event target pricing. Vultures know we are referring to the target zones on our tracking charts in blue. The “Temporary Panic Targets” for most of the issues we track on technical charts here at Got Gold Report.

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