GREY:NWSKF - Post by User
Comment by
casey13on Sep 21, 2011 3:45pm
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Post# 19068006
RE: RE: Too much fear
RE: RE: Too much fearWhat they are referring to is the chart that shows that gold stock relative to gold price are now extremely cheap.
As long as the gold price does not crater then reversion to the mean should mean the stock out perform bullion.
However when fear rules buying is not on peoples minds and the market will need to find a bottom before we get any big moves. Most people will be clamoring to get in at prices double what they are now but they will feel more comfortable about it because everyone else is buying.
It is extremely hard going against the crowd but if you get the timing right it is far more profitable.