and on confiscation risk
http://miningstockta...s-timothy-wood/
Tim wood on Miners /ETF imbalance
Started by
dougie
, Jul 28 2010 03:11 PM
1 reply to this topic
#2
SilentOne
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- Traders-Talk User
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Posted 29 July 2010 - 01:51 PM
and on confiscation risk
http://miningstockta...s-timothy-wood/
Thanks for that dougie. Playing both bullion and the miners or weighting bullion more than the miners has been the way to go for conservative investors since 2006.
Do you know what occured about the time this divergence between bullion and the miners started? NEM topped out in Jan. 2006 I noted it technically and thought there was something odd in the way that it was trading. Look at a long term chart and you'll see that NEM just retested that top this summer.
http://www.traders-t...?...c=49705&hl=
I stood by that analysis and that high has held until this summer. Four years later. Have a look at where bullion has been since. And don't forget NEM is still lead dog for the HUI and XAU.
cheers,
john
Edited by SilentOne, 29 July 2010 - 01:55 PM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
