GREY:CGOOF - Post by User
Post by
Seriousfaceon Jul 21, 2013 1:07pm
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Post# 21620529
Bartno is wrong
Bartno is wrongI dont own this stock yet but will soon along with Pretium. First of all I want to state that Bartno and all the other economists that are saying gold is going to be down long term are wrong. The precious metals market is being held down by massive manipulation and will soon explode up. There is a number of ticking time bombs in the world financial system that could set it off at any moment, particularly the bond market imploding or a major bank failing. The truth is there is another major economic collapse heading our way possibly in the next 2 to 4 months, spring of 2014 by the latest IMHO. Not to mention June and July are the seasonal bottom months to purchase precious metals and stocks. Also note that in every major finacial collapse including that of 1929 gold stocks went through the roof and out performed physical.
If there is any risk in these explorers it would be them having a hard time finding financers during an economic collapse atleast short term until the majors began turning major profits from higher gold prices.
Most major investors will wait till mid August as historical charts show that mid August usually dips for the metals market and then shoots up until the first week of October. Each year you should take any profits you have in this market in early April and wait for metals to bottom out in june and july, early august before getting back in. Right now is the perfect time to be jumping back in. Currently im holding out till mid August unless I see another good dip like we say in late june to buy in.
Dont listen to Bartno he doesnt know what he is talking about.