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Message: Re: I,m a holder but
1
Oct 06, 2008 06:47AM

I hear ya; imagine having put everything in cef at the recent low in gold and then sat this out...

What do you think about the following?

What are you seeing in terms of volume on your PM stocks. What I think I am seeing is low volume.

I interpret this to mean that the hands now holding these stocks are strong; hopefully, these hands will hold now through the meltdown on the major indexes and form a floor for takeoff on the way up.

One thing I am wondering about is a timeline for the juniors to move back up. Various analysts have talked about a "V-shaped bottom" when these markets do hit bottom. I am hoping this means money will come back in quickly for select areas, PM's being one.

Of course, all of this supposes continued strenght and even acceleration in the gold price.

Any thoughts?

stone


Oct 06, 2008 07:27AM

Oct 06, 2008 07:40AM
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