According to Frank Barbera, discussing the technicals of the past week in a interview with Eric King on FSN, "gold stocks, for the first time in 30 years, are monumentally oversold and people should definitely hold and wait for the rally as they will be very pleasantly surprised". The link to the show is below.
Gotta like Barbera's optimism and I think everyone could use a ton of that attitude looking forward to the weeks ahead.....including myself. Although, I still remain very adamant and supportive of higher gold and silver prices, it's hard not to be influenced, being human, by all this liquidating and watching ECU's share price being lowered to unconscionable levels.
Stealing a quote from JS, "THERE IS NO OTHER INSURANCE AGAINST THE CONSEQUENCES OF THE BAILOUTS TAKING PLACE AT AN UNPRECEDENTED SPIRITUAL LEVEL OTHER THAN GOLD."
Long and strong ECU,
BD1
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