GREY:PTQMF - Post by User
Comment by
Libertygon Aug 05, 2011 12:40pm
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Post# 18908856
RE: Very interesting commentary
RE: Very interesting commentaryThe selling in gold and especially silver should be short lived as it has nothing to do with the fundamental intangibles of those metals. It's market wide and good gets sold with bad. Watch gold at that 1650. area. If that can hold over the next few days we may be ok. But if it yields then we could see another drop similar to the first drop. We have to keep an eye on european developments as it may linger and put pressure on everything. This is a welcome drop in my view as it allows me to begin a second stage of buying in mining equities. Patience to allow this to play out first is wise.