Pacific Gold Corp fka PCFG

[FrankMD]

Article:Is a Local Bottom in Mining Stocks Materializing Right Now?


There are times when we need to have the courage of our convictions, even when we are losing money in the process. (That’s where the courage part comes in. Like Ernest Hemingway said: “Courage is grace under pressure.”) At my firm, we are still bullish on the precious metals sector in both the short and long term. Although the whole sector moved lower again early this week, important support levels remained firm. Many of our readers are probably concerned, as it is easy to get emotional at times of uncertainty. This is why we need to underline that although mining stocks took a hit, we have not changed our mind about our long position. If the situation was very oversold before, now it is extremely oversold. We are of a view that the precious metals sector is forming a bottom. Such pullbacks are healthy as they indicate gold has much, much further to go.


See all of article here:

http://www.minyanville.com/businessmarkets/articles/mining-stocks-precious-metals-precious-metals/10/10/2011/id/37292?camp=syndication&from=yahoo