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Message: Why I think Gold Juniors (and GBN) are going to explode on the upside
"20. Now Van Eck funds, as some in the community know, is starting the Van Eck Gold Juniors ETF. I could be wrong, but I believe the Van Eck timing, again, is absolutely perfect! The ultimate investment at the ultimate time has been filed with the securities commission, the weightings and stocks are chosen, it's just a matter of waiting for the Gman to approve it. I see no reason for it not being approved. Van Eck runs the GDX seniors/intermediates gold stocks ETF. We're not talking about Bozo the Gold Clown here, Van Eck is a real pro and I believe he's about to hit the ultimate home run.
21. As the juniors go on a tear that could make the high-tech bull market look like a bear, I believe "stock picking" will become even more irrelevant with the junior golds that it was with the high techs. The gold juniors ETF could see hedge fund participation. If so, all bets are literally off as to the upside, when you are talking about funds leveraging their investments in junior golds at 20 to 1, 30 to 1, 50 to 1. And more.
22. Last week I asked subscribers to send me their favourite gold juniors and I'd run the technicals on them and post them on my website. I got overwhelmed. I posted all thru the weekend and I'm still only partway done. The bottom line is that the technical situations on almost all the gold monthly charts is the exact opposite of what I saw when they crashed last year. Basis the monthly charts, last year showed one major sell signal after another. What I'm seeing now, especially basis the TRIX indicator that is too boring for most writers and investors to follow, what I'm seeing are major multi-YEAR buy signals! It is absolutely critical that you get out of the mindset of trying to flip your junior golds on some company-related announcement. Use the information from the various junior gold writers to pick the companies to buy, but after that, all those upside pops that seem big now, will be too small to see on the chart. Don't use the advice of the junior gold writers to sell, to "manage" your juniors portfolio. You'll wreck it. As the banksters' grand plan of creating worldwide USDollar panic is played out to perfection, the whole juniors section will launch upside in a move too big to miss out on. That panic is also designed to crash the US bond market, which would add an even bigger engine to the gold bull market. The bond market didn't disintegrate in the 1970s gold bull until near the end. I believe it will be the same this time.
23. Don't focus on some negative mining report and ignore billions of dollars of institutional money flow panic-buying the juniors!"
http://www.321gold.com/editorials/thomson_s/thomson_s_101409.html
F6
21. As the juniors go on a tear that could make the high-tech bull market look like a bear, I believe "stock picking" will become even more irrelevant with the junior golds that it was with the high techs. The gold juniors ETF could see hedge fund participation. If so, all bets are literally off as to the upside, when you are talking about funds leveraging their investments in junior golds at 20 to 1, 30 to 1, 50 to 1. And more.
22. Last week I asked subscribers to send me their favourite gold juniors and I'd run the technicals on them and post them on my website. I got overwhelmed. I posted all thru the weekend and I'm still only partway done. The bottom line is that the technical situations on almost all the gold monthly charts is the exact opposite of what I saw when they crashed last year. Basis the monthly charts, last year showed one major sell signal after another. What I'm seeing now, especially basis the TRIX indicator that is too boring for most writers and investors to follow, what I'm seeing are major multi-YEAR buy signals! It is absolutely critical that you get out of the mindset of trying to flip your junior golds on some company-related announcement. Use the information from the various junior gold writers to pick the companies to buy, but after that, all those upside pops that seem big now, will be too small to see on the chart. Don't use the advice of the junior gold writers to sell, to "manage" your juniors portfolio. You'll wreck it. As the banksters' grand plan of creating worldwide USDollar panic is played out to perfection, the whole juniors section will launch upside in a move too big to miss out on. That panic is also designed to crash the US bond market, which would add an even bigger engine to the gold bull market. The bond market didn't disintegrate in the 1970s gold bull until near the end. I believe it will be the same this time.
23. Don't focus on some negative mining report and ignore billions of dollars of institutional money flow panic-buying the juniors!"
http://www.321gold.com/editorials/thomson_s/thomson_s_101409.html
F6
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