They are going to go down below your wildest dreams.
I remember Ford crossing the tape in the 1's at the bottom of the 2008 stock market.
Don't think this can't happen to the Gold Stocks. The fundamental problems
have made it so it's possible.
When all of the Gold Adds have disappeared, and the Analysts are uniformly bearish, that will be the time to buy. But since emotions run the Markets I'll bet you won't buy because you'll be frozen with fear.
JIm Rogers is the first "heavy weight" who has said that $600 Gold is possible. So far he is alone, but if he gets joined with the rest you'll know it's time to buy.
Hey bejupete, this is meant in kindest fashion (I suffer from the same maladies, too)
a) I think you meant to say Death "Knell" with a K, which is either a noun (the somber sound of a bell being rung to note a sad occasion) or a verb (the act of ringing said bell during said occasion)
b) as a verb or a noun, a Death Knell is something that one does, or hears, but it is not something that you are "in".
I agree with every thing you said. Thanks for the English lesson.
Isn't it obvious that any post related to the Stock Market is based on guesses, as there are no complete answers. We are dealing with Los Vegas East.
The truth is you or anyone else doesn't have the FIRST CLUE what is going to happen in the gold market. It could bottom Monday morning or take months. Don't pretend like you know because you don't. Easy to spew negativity when it's down.
It now costs $1200 an oz. to mine gold .. If the price falls below 1200 , it wont be long before miners will shut down production rather than lose more $$ .. the production shutdown will stop the decline. Without more gold coming into the market , why would it go lower ? The price could very easily stay down here for a long time tho , making it tough to see any gains for mining companies . Auy is not being a very fun issue to own right now and we may be stuck with it for who knows how long .