Post by
digger144 on Aug 07, 2011 9:16pm
Moment of Truth...
This is the ultimate break-out that I was waiting for!
It will be either make it or break it for the gold stocks!
I believe that the market will finally "throw in the towel" and discover the importance of gold moving forward.
As the markets tank...and the selling takes place...the money must go somewhere...some will find its way into the gold stocks...patience will be rewarded and the extensive research & study that was done in order to be in that "special stock" will prove to be well worth the time and effort staying in touch with the story.
I believe we are not in a "crash" situation...the market is just adjusting to "reality"...there is a high percentage that the US is going into recession and the market will react accordingly. Let us face facts...the data over the last six months was most definitely painting us a picture of what was to come...but...the market ignored it...reality always take the day...this is a healthy correction.
Again...I believe this is most definitely not a market crash scenario...money will once again be put to work and the stock prices will begin to base at a much more realistic level. However, having said this the shift has begun and the gold sector will be the benefactor of this latest sell off!
Exciting...and...Scary...at at the sametime!
I have waited patiently...can you do the same?
We will most likely not ever experience a time like this for gold stocks in our lifetime...hang in there!
Digger144
P.S. I believe some of the selling in gold stocks is reflective of what happened the last time
around when the financial crisis reached its peak....some investors fear that the identical
sell-off will take place this time...to that...I say...not a chance!
Comment by
thinkahead on Aug 07, 2011 10:37pm
This post has been removed in accordance with Community Policy
Comment by
Sally13 on Aug 08, 2011 10:21am
Digger...Digger..Digger... u just talk the way u think u know it.......quit coaching other people... u are not qualified ..and u know it.... u did not major in geology...nor do u have an Ontario security license or a degree in economics .....most who listen to ur rubbish losing money.... give it up...!