OTCQX:DMMIF - Post by User
Comment by
Inv3storon Jul 02, 2015 6:42am
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Post# 23885566
RE:RE:Another Credential buyer here :)
RE:RE:Another Credential buyer here :)Hi Baily,
I can not 'time' markets, I think (with good confidence) that we are near a bottom for the following reasons.
1 - Gold is about to break down one more time, just in time for the normal 'summer madness' that Gold does every year.
2 - Finally the smart voices that has been staying away from Gold for sometime are coming back now (not the crazies like Peter Schieff or Axel Merk etc..).
3 - When they say 'good time to buy' that usually is a few months if not a year window so no ruch.
4 - I think the Fed will raise rates but will surprise the markets by stopping quickly and specially in 2016 so look at next year.
5 - I hope DMM can bridge the production and pay the debt by next year then it will be a whopping success.
So many reasons that next year would be a great time (hoping) and to continue to hold HGD (which I think will be great success in the short term) and taking profits from HGD back into DMM has been a good policy so far this year.
Good luck.