That’s the inescapable conclusion I come up with after observing the sentiment and market psychology of this sector. It was the same for the general stock market back in the fall of 1982 when investors simply just couldn’t shake off their shackles acquired from the past 17 years of crappy stock market action and lack of follow through. Even market great Richard Russell sat on the sidelines until December 1984 watching the DOW rampage for 4 full months before finally throwing in the towel and got in.

It seems that all it takes today is a mini 2-day consolidation to get the PM investors bearish and scarred.

But take a step back and look at some of the beauties in this market. Westdome for instance…. I mean what could look better… and those fundamentals too.