Re: Today Puplava Again Reassures on Juniors (Tyhee)
in response to
by
posted on
Oct 11, 2008 09:48AM
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Thoughtful piece
If its any consolation the viewpoint I am following is tracking near on 100% since this all began and I'd be suprised if his analysis were to breakdown going forward which will be beneficial to most here
Bob Hoye's calls this year
March - Dollar low, short senior gold stocks/silver stocks , go long US Gov bonds (if outdside dollar area), Expect gold/silver ratio to breakdown above 54 (in line with credit spreads, ultimate target 100 ,
May - Short financials
June - S&P top in- market now like 1937/73 , interim low in Oct, Short base metal stocks
And over the summer until now, wait until capaitulation in S&P/Dow before accumulating gold juniors, minimum 2 year rally expected as real cost of gold increases
last week he put out a piece that they measured downside capitulation in the gold juniors , which is indicative that a bottom is near ,