TYHEE GOLD CORP

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Message: Barbera bearish on gold

Yeah I think he might be on to something, with so much talk of 1000 gold I think a correction to previous break out of 730 (with the obvious overshoot to maybe sub 700) could be on the cards.

Not an nice idea to gold bugs, I am sure you will agree. If you look at the last bull market it went from 35 --> nearly 200 (~5.5 fold increase) then corrected for ~3 years dropping to just above 100. If we get a simalar move (250x5.5 = ~1400) a correction is likely to be harsh (percentage wise) to maybe 800 and will have longer negative effect on sentiment on juniors etc. 

I think a move bellow 800 would be fantastic! allowing a much healthier move to over 1000 later this year or early next

I do not want this market to get too over extended too quick as this is not good for juniors, plus I need more time to buy TDC and other juniors at these insane prices!

 

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