thanks stubaby, we have mutual admirationalysomji-if you dont mind my adding, they are all hard to trade. gold is only special in its story. it is money. and has been for 5k years.
its why the best strategy is buy and hold for bulls.
mercury goes direct today. what that means that misinformation is not a feature now. remember the cbs were dumping their gold en mass @the bottom. and advertising it. gordon brown even got elected chancellor after selling the countries heir looms @the bottom. (dont expect the public to understand or wake up to the fact that they are getting fkd.) any guesses as to who they sold all that gold to? how about the banksters!!! what i expect here is after 10years of higher closes every year, the public is about to enter the fray. @what price? i dont know , but it will soon be irressible for them. after years of languishing, the miners have woken up and i continue to think the miners will out gain the metal. for years prechterites pointed to silver as a non confirmation to gold. well here we have silver leading. making new highs for the bull today. evidence of speculation coming into the market. silver has an amazing story as well. above ground supplies are almost nonexistent, while demand remains robust.
the kickoff should be very very soon. remember parabolics usually retrace to where they began. if i am correct and a parabolic comes here, i will dump almost all of my miners. not all @once, i want to see if what happens if this parabolic mirrors what happened in 80. gold topped in january of 80 the miners continued higher for another 9-10months gaining 30%+ . remember @higher prices miners make more $$$. so the 1st to go from my holdings will be explorers. and cats and dogs. get ready for the public , they are chomping on the bit. we will all become no nothings as they set their sites on gold to infinity. which aint about to happen.
buckle up.
we are days away
dharma
dharma:
Thanks for all your work - Happy New Year to you and yours!
stubaby
in that next piece that you present, my thoughts here are known. if we pullback, so be it. but i suspect that the similarity to the 79fractals and the price projections , coupled w/the seasonally strong period prevail.
dharma