TSXV:AXM.H - Post by User
Comment by
wildman2on May 17, 2011 5:44pm
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Post# 18590463
RE: All I really wanted was final bubble run
RE: All I really wanted was final bubble runOne of the truths in the market is the market is run by big banks and big banks don't like gold, and they don't like gold miners.
Gold is up to 1500 an ouce from 800 in the crash and the allocation in miners and gold remains at 5% by big banks and hedge funds and institutions.
That of course does not make sense.
All the while they perpetrate that gold is in a bubble. It therefore is in the only bubble of all time that no one is buying, nor has bought.
The fundamentals for the story remain the same. The money printing continues.
The need to be an agile trader remains strong.
This stock bought at 8 cents is 200 percent smarter than being bought at 24 cents like it could have been two months ago.
This stock has gone from 23 to 8 in the same amount of time that gold has lost 5 percent.
I don't think it takes a genius to figure out some funny stuff has occured and that a proven gold reserve company getting 15 dollars an ounce credit by market cap for its gold is a tad oversold.