Gold is red in dollars but at an all time high in Euros.
Watch for at least a 5% drop in the GDX...and many of your favorite gold/siilver stocks. I think they will hit silver stocks harder. If ever there was an opportune tiime to buy 'the dip' ( orchestrated by the 'dipsticks' ) this is it ladies and gentlemen. Headlines out of London say gold is going down due to unrest an the Euro. If that doesn't take the cake what does? Looks like the CNBC boys and all the 'boys' have coordinated their paper takedown of the retail longs.
My opinion is that the best plan now with this pulllback is to buy an SLW, PAA, YRI or any of many others... and enter the juniors later. JMO. AUM management has proven in spades that there is more to a stock than free trading markets. My complaints to the Canadian regulators have been ignored for years. My last complaint to them that Canaccord was accused of naked shortiing the TSX venture juniors... publicly and in writing by jim Willie....has naver been replied to by a number of recipients.
The investors here have been tampled dam near to death and still we see the non stop 'buy on the dip' posts over and over and over again...with the same end results...losses by innocent investors. Many have long since departed. One day that will change, but that is the day the fraudsters will have decided to make their profits on the upside.
This has been one of the best forums anywhere for multiple, credible source reports and opinions anywhere. This has not gone unnoticed by the 'imbedded' powers that be.
Never mind, the day is near pon us to make fabulous profits in the PM/JPM stocks. Whether AUM is one of them is best left up to you.