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REPORT ABUSIVE REPLY
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Message Subject
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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
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Poster Handle
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Punk-A$$ets |
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Post Content
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Holy shit JNUG is up again today and over 19%. Looking at a yearly chart of this fund sure makes it seem like its just getting started. I suspect we'll see some gut wrenching corrections along the way. But over all, just like the last rally, it could be a multi month rise.
Quoting: Punk-A$$ets how long after gold and silver prices explodes do you see a rally coming to junior miners and exploration? I know now is the time to look for large cap producers who have been destroyed by the pmi manip...but once the buying frenczy heats up for the large caps how long do you think it will take for the rally to permeate down to the juniors? a lot of good small cap miners with proven reserves who are sitting on mineable assets/properties yet cant raise the funds in this crap market to extract and why would they when the currnt price of gold doesnt make it feasible to mine...... I dont pretend to know when a real rally will come but will continue to buy in over the next 1-2 years as we cycle through the bottom in PMs. Hopefully make a bit of coin along the way. Mostly from playing inverse ETFs to protect my investments. I still think we could see new lows in both gold and silver in 2015 even if we rise up to the $1500 level in gold and the $26 level in silver over the next several months. The initial move in JNUG early last week was incredibly strong and so it didnt (and still doesnt) look to be just a typical dead cat style bounce. We'll see...
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