Market Cycles ..Thanks for your concern Signman / Like you say when boards are continually bombarded by these bashers that claim to hold no position the lies are beyond apparent. Of course there is a major adjenda. Often the large fund companies running the extremely attractive plays hire these clowns and feed them enough data to make them nearly sound intelligent. If not fund companies, you have a group of large traders working in tandem colluding together in boiler rooms often creating enough influence on a play to have a major influence on the stock. The short selling is another factor in itself and generally always an unknown. One has to look beyond the negativity and see the sector for what it is and the opportunity that is at hand. Who are the investors/management team and what is the data of the company telling us. I purchased a precious metals fund 4 days ago in my retirement account and it's up over 7% in 4days. These are larger companies. When funds made up of large and mid caps move that hard, that quick, money is coming into this sector in a major way. The juniors always lag the majors. I believe what we are seeing this past week or more is this sector isn't rolling over, but rather gearing up for a major move. If Gold breaks thru that $2500 pivot on it's way to $3k and that will be a paradigm shift in this sector. These cycles are generally 5years and the bottom is not only in, but we are starting to finally move up in a small measure. When we finally do take off you can start looking towards a major upward trend that will move stocks in spades.
There comes a point in time where beating a play down cost more than it produces and short players are forced to go long. The bashing is often a requirement of accumulation and/or short covering. When buying finally starts it creates a snowball effect and you know the same guys bashing are about to start chirping that they are now Long but that is always after the fact. The next upwards cycle will likely last 18-24mths until the cycle runs its course once more. How far this next cycle takes us is anyones guess. Will Gold peak at $3k or run to 10k this time similiar to the chart back in the 80's?
The closer you get to a breakout the more they bash and the more I buy... I near have my full position now. The more I ignore the noise and trust my instinct the better off I am. There was a day I wasted my time debating but I put all of these guys on ignore. I don't have the energy to pledge thru the manure anymore.
Long on TUD / Long on AMK