I say do the opposite.
Looks like we will see green today. If not very close to green.IMO. I think we better start buying more silver and gold before its to late. Nothing like having the real thing in your hand!
Going to wait til GDX @ $20.00 to buy more shares. $24.00 - $25.00 more GDXJ shares. Getting ready to buy more Silver Eagles as well.
If you read my posts yesterday, GDXJ order got filled at $28.00. Still holding. Yes, GDX order got filled at $20.50. Wish me luck.
No joking jgr2224, I am in serious pain. Lighten up on me a little bit, my birthday was yesterday. Surgery was the day after. Please cut me some slack for a least two days so I can get feeling back in my left hand. I am drunk as #$%$. It's 10:35 am in CA.
Not not sure yet. Hurts real bad. I got pills but I don't like taking pills.
On a side note: just played a limit order in for GDXJ @ $28.00.
If my spelling gets messed up its because I am in pain and drunk. Lol!
No I did not. Waiting to see what happens after Europe closes and we still have the Greek elections on Sunday. Anything could happen. I'm sitting on cash right now.
Will gold, silver and mining stocks decline in the short term? That’s quite likely contrary to what one might think based on the most recent price action. However, gold stocks are at their key resistance level so if the trend is to be resumed, it has to be resumed from these levels or levels that are insignificantly higher. However, we don’t think that opening short positions at this time is a good idea just yet. The reason is that even if a decline is to follow, we could still see a volatile turnaround today or tomorrow (given the news from the European Central Bank), which could quickly close the positions given a reasonable stop-loss order. In other words, opening positions now seems too risky without stop-loss orders (in case we see a major breakout) and with them (big risk of intra-day volatility). It seems to be a better idea to wait for the initial turnaround and enter the short positions after the risk of another intra-day upswing has become smaller.
Przemyslaw Radomski, CFA
You are firing blanks my good man. I shoot a .45acp pistol and a .308 semi auto battle rifle, and a a 12 gauge shotgun. If that doesn't take you down I have my RMJSHRIKE tomahawk to take care of business. :)