looks like a combination of the debt increase, dollar weakening, no tapering, Yelling appointment and the Chinese government starting to buy seems like the turning point I have been waiting for. Was hoping this could go to 20 bucks but oh well.really serious about buying now.
AEM is hot right now. Check it out for all the potential you could stand to gain. People are talking left and right about PMI. Also, many people are talking about the Prophet Alerts site that is taking over. I'd give it a chance if I were you. Nothing but great business.
The European bankers were the first to cordinate the talk of selling gold assets. Bernanke WANTS gold to go down!! Moremoney for stocks and spending,,,,,Anybody that doesnt realize the colapse in gold was due to central bankers has not got a clue The central bankers CANNOT allow gold to be a competitor to the us dollar...the yen... or the euro........ this was all cordinated by the central bankers
The short crowd has become drunk with gains. Way to much happy talk and hate for gold.
Se ya! I'm switching to long miners. The shorts are going to GIVE IT ALL BACK!
That's how Mr. Market plays the game.
If your short you're about to get you face ripped off in the next six months
gold only thrives in an inflationary, recessionary or weak dollar environment........so far the economy is improving in the US, bottomed in Europe and the Japanese pumping has only strengthened the US dollar.soon QE will end, rates will rise and the global economies will continue to strengthen. Unless all the things I mentioned reverse dont buy or hold gold or silver . common sense shyte really.
Wait for over the weekend for Barron's and all of the news outlets to trash Gold. They will tell you how it is the end of Gold as a hedge against Currency debasement.
BUY AT THE CLOSE ON MONDAY, NO MATTER WHAT THE NEWS, OR THE PRICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You are right on this one. AEM seems at the right shoulder of reverse head and shoulder bottom.The analyst who downgraded it had no idea of Technical analysis.
sell and move on. this DOG was green all day and now going to close red. they are all scams that should only be flipped.
I am a gold bull but AEM along with almost all other miners seem to always come up short at earnings time.
Floods, strikes, mine collapses, fires in the kitchens, you name it and it seems to happen. Maybe they are just making reasons to hold back production until the price rises but they do little to inspire confidence. Mining has got to be an incredibly difficult business. Makes me wonder why I ever bought any stock .....then I look the world and want to own more gold. Maybe I just love the action. Anyway they drive me crazy.
Its inevitable... Price is going to be much higher in 6-9 months... much much higher