Loading ...Buying the Dips ?
This is the tough part for those waiting for a pullback to get on board
Easy to say…I will wait for a sizable pullback and then Buy !
We have now had a 15% correction and as Mark just posted most PM Indices are right at the 50dma
So what does one do now?
It is TOUGH to buy when there is this much selling but if not now…when ?
This is a repost of a HUI chart showing the 6 Bull Moves prior to this one. We haven’t had the 6 month run yet that most of these had. Peaked out at 135% in less than 3 months….this one looks most like the 2009 impulse move
Looks like the easy money has been made already but still more juice expected based on the 6 previous HUI Bull Impulse moves
FGC, I’d buy hand over fist if I feel good about the funda’s. Right now that’s in evaluation mode. There is no feeling like buying the gold sector when it is being wood shedded while funda improve.
I will wait for lower prices,today the down move is serious and it can last for quite a while
I’ve sold Kaminak , I hope I will be able to buy Bear Creek Orezone Minco at sale prices.(and hoping we are in a new bull market of course…)
Still an open question, unfortunately. Speaking more funda than technical, but by some interpretations, that too.