Strong season for gold miners is not FINISHED yet
As everyone knows, that is absolutely true.
Thanksgiving week can be volatile for everyone, because of low volumes.
But Gold and Energy stocks are now CEMENTED to the rest of the Market.
So the question is whether the Administration and Fed are so fed up with the nasty and malicious attempts to crash the Market by the Ninny Supply-siders, they're preparing a real offensive into the end of the year to prop the Market and thwart the Supply-side Shorts.
I think they DO want to do it.
The only question, with three auctions this week, is if they give up on Thanksgiving week, do a little bit of PPT'ing, or do strong PPT'ing, which supports everyone, including Gold and Oil stocks.
Remember, if they unnecessarily hand the Market to the Shorts again, on whatever excuse, their darling GM will go down, too, as will their darling Banks.
With all the hype surrounding GM - not to mention Bernanke's speech harshly criticizing the Chinese - I'm inclined to think they want an UP Market this three-day week.
But we'll have to wait and see.
AFTER this week, Gold miners are actually pretty strong in December and very, very strong the first three weeks in January.
There is almost always some sort of correction at the end of January-beginning of February in the Market as a whole.
But remember, average Gold prices fourth quarter are going to be nothing short of SPECTACULAR! - literally the best ever, not to mention average Silver and Copper prices.
Meaning PMs will be at the very tippy top of the improved earnings list for the fourth quarter.
That means if there IS a general Market correction at the beginning of February, load up the truck! because the second peak season into late April is going to be fantastic for the miners. New highs almost everywhere.
AI
