People know gold sector is a scam now!Whether it be golden star losing their gold,nevsun,mundoro,vanessa,minco,queenstake,radius,ecu halt for no reason etc.people are now realzing gold stocks were higher when gold was below 500.As uranium and now moly stocks fly by,no new money enters the sector as more and more wake up to what a rip off the sector is.People are now realzing the insiders are the enemy and the sector is unworthy of their cash.Invest in juniors they said at the gold conference,now no longer called the gold conference.$2 you say?Who cares!Sell all rallies or don't even invest in the sector.It is coming soon they said in 2004,2005,2006,now a 1/3rd into 2007.What they are doing is killing the sector in order to buy up all the good juniors while you lose money,waiting and waiting and waiting.Bre x is still remembered and the shenaningans of this sector has chased money out.Soon there will be a huge exhaustion wave and the junior sector will die forever as the majors buy them up.It was planned all along,by the insiders and the analysts or as they are better known,the gold cartel!Im glad it is over,the sector and all i have learned since 9/11 makes me sick.A friend of mine who used to own a mine said the money is made shorting and there are only maybe 20 good companies out there.He was right,he the sector was a waste of money and all the cheerleading in the world can't fool people.Even Embry sturggles to pick a winner as gold company after gold company tanks as gold prices go up.
From Jim Sinclair's site to day "By this I do not mean you need to be a crack trader as there are very few of them. Most traders succeed in one direction, being killed in the other. In the chop they just get whip sawed until there are no chips left to play."Now that so many have lost so much on the sector,he finally comes clean.Most people stay out of gold and now you know why.Gold stocks have been weak since 2003 and even that year it took a late year rally to save it before the sector completely crashed.They appeal to your need for money in an inflationary environment and then steal your money,manipulatiing the sector from the inside with the aide of the gold analysts.The powers that be,turn a blind eye as they dont want people in gold anyway.If you are new to the sector stay away!You wont make any money..buy physical!The sector is rotten to the core.