dougie:
I'm with dharma here - the BULL market did it's job of knocking off the weak hands with September's slaughter:
Precious Metals - Both Gold and Silver had "major" corrections the last 10 days of the month with Gold dropping by 10.97% ($200 /oz) and Silver plunging by 27.9% ($11.70/oz). Senior Mining Shares fell 12.12%, while Junior Mining Shares collapsed by 24.55%, with Rare Earths down 29.54% during September.
Then those that "bought the dip" in early October jumped ship again with the mid-month correction. Few are on board now and IMHO this run will lead to the "true" breakout of the corrective pattern. And will turn out to be the 1st Wave of the breakout targeting 700-750 in the 1st Qtr of 2012 - followed by a "scary" Wave 2 test of the "top" of the pattern.
I am buying here - mainly the majors - and plan to shift into more of the juniors during the Wave 2 mid-2012 corrective - lots of money to be made both here and the 2nd half of 2012.
stubaby