OTCPK:VLTAF - Post by User
Post by
Bpultraon Jun 05, 2012 10:44pm
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Post# 19983806
Our time is near!!
Our time is near!!https://tradersvideoplaybook.com/have-gold-silver-mining-stocks-bottomed/
GDX could very well power right on through the short-term resistance level, but I would be surprised if it could push through the intermediate term resistance near the 52 price level on its first attempt. A pullback here would be quite healthy, but Mr. Market may not offer that opportunity. Right now the gold miners clearly have a strong valuation argument to consider them at a value presently.
In addition, we are seeing the U.S. Dollar Index futures start to roll over while gold and silver futures are trying to form bottoms and build consolidation bases to move higher from. If this is a major top in the Dollar, then gold, silver, and gold miners are on sale as we speak. The next few months will tell the real story, but in the longer term this may go down as an unbelievable buying opportunity that most investors will miss entirely.