Everything is setting up well. All pundits think gold will get killed after Fed meeting Tues and Weds. Fed Makes Announcements Wed Afternoon. Monday will be another bad day for gold. Players are scared #$%$. Late Tues morning time to jump in. Everyone is wrong. There is no major financial news after Fed is finished until March. Nothing left to be afraid of. Gold will drift up up up. I think it will start before Fed announcement not after and players will follow the the mo. NUGT looks like a sure 7.55 now maybe even a little less Tues morning. However I will be happy with 7.55. Best gold stock now is IAG. It is way down (under book value) because of its mines in Mali. But AlQaeda is being smashed and French will be permanently stationed there with our drone support. Their big money maker in Africa is just to the south in Burkina Faso. A sort of Republic that has a very pro-western President, that will win for life. Beaten down much to much because mines in Mali just a small amount of their total production. They say 875000- 900,000ozs in 2013. I say more because with rising price they will over produce and they can if they want to. Closed at 8.39 Friday. Might go under 8 by Tues morning. This truly would be stealing money. If gold goes back to even 1730 or 1740 IAG will double so fast your head will spin. The company has big influence with French Gov. Giant mine in SA is in French Guiana. They are a very big employer there. next week should be a lot of fun goldwise.
Funny that you're talking about IAG, I went all in on Friday (some in MUX too). I'm hoping to get a quick bounce with IAG in the next few months, outperforming TC, and then switching everything back to TC before MM starts production. But there's probably much more bleeding coming up in the short term.
mining equities all got whacked big time 25 Jan including GDXY, HUI, XAU, CDE, SLW ------ ???? harbinger of PM volatility to come ???? ----------- TC, however remains like a day at a Caribbean beach ---- lazy, warm, peaceful, sunny with trade winds and the tide coming in slow, but very sure /// :O)