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Re: Talldude post# 188

Wednesday, 10/09/2013 1:14:47 AM

Wednesday, October 09, 2013 1:14:47 AM

Post# of 288
Yes, it was better at .57 cents and climbing.
Perhaps this article will give you some clarity going forward.

Clive's been around a long time if you haven't followed or found him before...One man's opinion, but he's been around the block a time or two.

Gold Market Update
originally published October 6th, 2013

Full article link:

http://www.clivemaund.com/article.php?art_id=68

Final paragraph, though it's better to view the entire article with charts and commentary.

"I am going to end this with a very important message. We have seen that gold and silver are very probably completing Head-and-Shoulders bottom reversals, with prices having dropped down to suspected Right Shoulder low buy spots. In addition, and most importantly, we have seen for ourselves in this update the insane undervaluation of stocks relative to bullion, which is characteristic of a major sector bottom. What this means is that you can go ahead and buy large and mid-cap gold stocks now, and juniors with strong balance sheets that are either producers or close to production, with confidence, and quit worrying about day to day price movements afterwards, because you know that you are buying either at or very close to a major low. So rather than buy the sector and then sit on the edge of your chair biting your nails as you staring at changing prices on the screen, do what Smart Money does, buy them, bank them, and then go fishing or playing golf or whatever you enjoy doing with your leisure time, confident that you have bought stocks that are ludicrously undervalued and that it is only a matter of time before they rally to become more fairly valued."

Starboy