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Thursday, September 09, 2010 12:11:11 PM
p.s. (to all of ya)
do i see GLD putting in a local top right now? it's down 1% almost. i have been fearful of a post Labor Day smackdown on PM's, see my prev posts. Remember we're dealing with the likes of JPM and Goldman here who love nothing better than to rip off the little guy with their massive short positions.... a consolidation in pms would simply indicate a buy point and would be a good thing, a chance for investors to go long gold. pm stocks have been mostly moving at their own brisk pace the past few months anyhow since they've just been catching up with the metals themselves, but it could take a minute for the market to digest the news if this happens. dosen't matter in any time period past the very short term, this stock should start moving sometime soon.
Lastly, LBSR rules. i'm long with my buy - just wanted to be clear on that!
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