i know the charts ( i am not a chart reader or follower) say we are done and at the bottom for gold and miner share prices but i am not so sure. i think anything goes in the short term right now. this is testing all but those with hardcore convictions. Victoria is not alone, it should be more volatile then majors since their is more risk, but on the flip side we will out pace majors by many X's on the upside one day too which is why i am here. with this temporary blood bath has anyone seen the pricing of kinross, yamana and goldcorp to name a few? huge drops in the last month and off 52 week highs and these are companies with solid fundamentals and producing cash and gold. WOW.
i have not changed my mind on gold, miners and explorers but i sure thought we had a better foundation of holders then the running for the shelters we see going on now. looks like we had a lot more players and not believers. surprising to hear people yet again say this is it, the top of the bull market in gold. i think we could see lower gold but done with the uptrend? How would that be possible.
leads me to think we are in even earlier stages of the bull run and may see much higher prices then i envisioned. still hanging out for the party to start just don't want to be 85 years old when it does.
what does anyone else think?