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Yamana Gold, Inc. Message Board

  • hapiwondrer hapiwondrer Aug 27, 2013 7:02 PM Flag

    Did you “miss the boat” or are you soon expecting a better share price?

    Today was a good day to buy the PM miners. Tomorrow might be an even better day, since the uptrend is still intact. Judging by the responses by many on this and other PM mining message boards many either lost their nerve to do so or are hoping for better prices over the next week.

    PMs were up today while the broader market was down sharply. In fact the long term (nearly 20 years) NYSE H&S pattern is STILL intact, and is especially evident when adjusted for inflation. It looks like this is the last hurrah for the broader market. A timing tool watched here is the McClellan Oscillator. It was down sharply and the Summation Index also dropped below previous recent lows on the negative side of the zero axis.

    The financials for PM mining companies can only get better as PM prices continue to rise. That means at some point the fundamentals will reassert while the broader market suffers from the destruction wrought by Washington, DC’s corrupt politicians and central banks.

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