RE:GEG looking great!
Finally I'm convinced we have bottomed in gold with the Fed announcement yesterday. This stock might actually have started to move at the right time. I really do think the fed is trapped and yesterday really removed any doubt from my mind. It really is all smoke and mirrors and I can't believe that everyone I saw on CNBC yesterday before the taper got it completely wrong. I watched for the entire day. They couldn't even taper a small amount for "window dressing". I hope and pray that things work out for our country but most people will miss out on opportunites in this sector.
Peter Schiff said before the taper that they probably won't because they can't, but if they do it will be because of the "pressure to taper"
Egon von Greyerez flat out said for weeks they can't taper.
Eric Sprott said that the smash in the metals that looked contrived back on the BLS labor report and earlier this week was probably because of the Fed announcement (being no taper)
A metals service I subrcribe to said that they probably can't taper.
Wow...I went long Calls yesterday and couldn't be happier. Ron Rosen said we WILL get new highs in the precious metals in the first quarter next year. Wow, our 2 years of suffering lower prices may be over!!!
I fully believe they can't control metals prices in the long run, but that their goal is to manage the increase for appearences.
Also, we may get a surprise announcement about the JPM silver manipulation case before the month is out if Andrew Maguire is correct. Who knows...I doubt we need that to move up now. The path is clear!!! And with the debt ceiling talk coming up. Wow, talk about a perfect storm brewing....JPM IS LONG AND SO AM I!!
WHAT A GREAT TIME TO FIND A COMPANY LIKE GINGURO TO KICK OFF THE NEW WAVE IN TEH BULL MARKET!!!!!