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Market Vectors Junior Gold Miners ETF Message Board

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  • jiminy539 jiminy539 May 4, 2012 4:13 PM Flag

    Not Too Bad ~

    Agree with your overall outlook.
    Will we have the fortitude to withstand additional frustration? I'm beginning to think this is much bigger than "supply and demand" alone. Anything can happen price-wise.
    They can make us wait till we think the world is passing us by, or more likely convince us the bull is dead.

    Despite the horribly rough ride thus far, I have a feeling there will be additional major attempts to test our resolve. THis is not going to be easy and as we've seen, its not necessarily going to make sense to us. I see scenarios that bring gold down to $1450, and below. BUT I certainly wouldn't get out to wait for something that might NOT happen.
    I guarantee if there is a sickening fall, AND we exit, we'll miss a major part of the move on a morning gap up and not get in because we'll expect "the pull back" that doesn't happen till $300 later.

    IMO~ keep a core, trade the pops and remember the fundamentals ultimately rule.

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