Gold, JRs, and EW
posted on
Apr 11, 2008 06:51AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
I like and hold Tyhee, but now I may have been mistaken in my origninal assessment of buying a Jr as a less expensive alternative to buying gold. There's no question that a Jr may move down if gold goes down significantly, but when gold is ascendant the Jr market seems more controlled by the stock market (for now). As far as Tyhee is concerned, I'm wondering who thinks that
a) Tyhee will move up based on news specific to the company
b) Will Tyhee move more based on Puplava's belief that the investment community will eventually figure out that it's a cheap play on gold?
Also, I'm wondering who else here follows Elliot Wave? It's very interesting right now because fundamentally, gold and silver should be great investments. From a technical perspective, they're primed for a big downturn. I hold my physical regardless, but wondering if anyone else has thoughts on that topic as well.