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Goldcorp Inc. Message Board

  • easygoin_al easygoin_al Feb 13, 2013 10:46 PM Flag

    Do Not Listen To The Shorts...Stay The Course With Gold & Silver Shares

    Read Jim Sinclairs Web Site Ever Day

    Jim,

    Selected quotes from Richard Russell today on King World News.

    CIGA Jim

    Really, then why don’t you and I follow the lead of China and start getting rid of our dollars – swap them for another currency or for silver and gold? … this is one of those times when we have to think, and sit – and wait. If you don’t know what you are doing, don’t do anything – or at least, don’t do anything stupid.
    Below is GLD, my proxy for gold. A pennant has appeared and GLD has fallen out of the pennant to 159.50. Thus, we are in what I believe is the ‘clean out’ correction for gold. This is the correction that will scare out all the in-and-out traders and the newcomers. It is here that those who hold gold in physical form will do best, since they won’t be tempted to sell.
    My advice is to hold all gold positions and wait patiently for the correction to end. Just before the huge 1979-80 surge, we saw a big ‘clean out’ correction in gold. I believe history is about repeat.”

    Jim,

    You and Richard Russell, not many others have the historical perspective.

    Thanks for being at the helm Jim.

    CIGA Peter.

    Richard Russell: History About To Repeat – Hang On To Gold

    With key global markets at or near breakout levels, and the “Metal of Kings” marking time before reasserting its dominance, the Godfather of newsletter writers, Richard Russell, writes about Americans still partying, gold, the Fed, and stocks in a note to subscribers: “The central banks of the world are on a mission to keep the world economy going. A great bull market started in 1980. It ended in 2007, a period of 27 years. As such, it was, in duration, the longest bull market in US history. A bear market started in October 2007.”

    Richard Russell continues:

    “Bear markets tend to last from one-half to one-third as long as the preceding bull market. On that basis, the bear market that started in 2007 might be expected to continue for at least nine years (one-third of 27) or until 2016. However, the Central banks, and certainly President Obama, have attempted to halt the bear market and thus continue the prosperity we have enjoyed ever since World War II.

    As proof of the Fed’s success, I would expect both the D-J Transportation and Industrial Averages to advance to new highs, thereby signaling that the tide had reversed to bullish (a bull market). According to classic Dow Theory, the primary trend of the market cannot be manipulated. Further, according to classic Dow Theory, the movements of one Average, unconfirmed by the other Average, are useless as guides to direction, and are more than likely to prove deceptive.

    Sundry Observations — From what I see, Americans are still spending and partying as if nothing has changed. Here in Southern California, the restaurants are full, and this is especially true of the breakfast places (in my opinion, the height of free-spending is going to a restaurant for an expensive breakfast when you could have had an inexpensive breakfast at home).

    More…

    Jim,

    Selected quotes from Richard Russell today on King World News.

    CIGA Jim

    Really, then why don’t you and I follow the lead of China and start getting rid of our dollars – swap them for another currency or for silver and gold? … this is one of those times when we have to think, and sit – and wait. If you don’t know what you are doing, don’t do anything – or at least, don’t do anything stupid.
    Below is GLD, my proxy for gold. A pennant has appeared and GLD has fallen out of the pennant to 159.50. Thus, we are in what I believe is the ‘clean out’ correction for gold. This is the correction that will scare out all the in-and-out traders and the newcomers. It is here that those who hold gold in physical form will do best, since they won’t be tempted to sell.
    My advice is to hold all gold positions and wait patiently for the correction to end. Just before the huge 1979-80 surge, we saw a big ‘clean out’ correction in gold. I believe history is about repeat.”

    Jim,

    You and Richard Russell, not many others have the historical perspective.

    Thanks for being at the helm Jim.

    CIGA Peter.

    Richard Russell: History About To Repeat – Hang On To Gold

    With key global markets at or near breakout levels, and the “Metal of Kings” marking time before reasserting its dominance, the Godfather of newsletter writers, Richard Russell, writes about Americans still partying, gold, the Fed, and stocks in a note to subscribers: “The central banks of the world are on a mission to keep the world economy going. A great bull market started in 1980. It ended in 2007, a period of 27 years. As such, it was, in duration, the longest bull market in US history. A bear market started in October 2007.”

    Richard Russell continues:

    “Bear markets tend to last from one-half to one-third as long as the preceding bull market. On that basis, the bear market that started in 2007 might be expected to continue for at least nine years (one-third of 27) or until 2016. However, the Central banks, and certainly President Obama, have attempted to halt the bear market and thus continue the prosperity we have enjoyed ever since World War II.

    As proof of the Fed’s success, I would expect both the D-J Transportation and Industrial Averages to advance to new highs, thereby signaling that the tide had reversed to bullish (a bull market). According to classic Dow Theory, the primary trend of the market cannot be manipulated. Further, according to classic Dow Theory, the movements of one Average, unconfirmed by the other Average, are useless as guides to direction, and are more than likely to prove deceptive.

    Sundry Observations — From what I see, Americans are still spending and partying as if nothing has changed. Here in Southern California, the restaurants are full, and this is especially true of the breakfast places (in my opinion, the height of free-spending is going to a restaurant for an expensive breakfast when you could have had an inexpensive breakfast at home).

    More…

    Sentiment: Strong Buy

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    • Easy al....time to load up now...If I had the cash I,d be loading up on shares right now...probably the last time they'll be this cheap...may be a bit more to go on the downside, so it might be a good idea to jump in and buy more if they get any cheaper.

      Sentiment: Buy

 
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