I'm looking at various individual charts for confirmation of my view that a bottom is in for gold and there really is a lot of support for this model Below is the chart of Alamos Gold (AGI) weekly bars. I have to count that as WC with an E wave throwunder. We are talking the likely finish of the entire 2011 bear here.
I will repeat that I like gold and commodities at this point more than trying to squeeze blood out of shorting stocks. The damage to these sectors has been so extreme that they are once again cheap, and cheap is hard to find in the stock market.
Buy and hold
something made of gold
No comments:
Post a Comment
Hi and welcome to my blog. Comments have been enabled for anyone with a google account.