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Bob Kirtley

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  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Steven,

    Sounds good to me - I'm actually getting excited about the PMs for the first time in ages, but keeping hold of ones discipline is vital at times like this. GDXJ is a favorite of mine, as a short trade, but once the bull resumes its upward trajectory I'll be seeking out individual stocks rather than a fund, but that's just another one of my quirks.

    Have a good one - Bob K
    Apr 22 12:10 AM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Good Day Steven,

    Always good to hear from you as our views do vary from time to time and the more differing views we have the better it is for all us.

    You refer to 'compelling buying points' in 2013, a year when gold started at around $1650/oz and finished it at around $1200/oz. This is not a performance that compels us to buy, 2013 was a year to be a bear.
    Our options trading service returned a profit of 92.28% last year which you can see via this link; http://bit.ly/YTNdhm and our Stock Trading service shorted stocks profitably as you can see via this link; http://bit.ly/17UodLA as you know we do publish every trade we make once they are closed, the good the bad and the ugly, as they say.

    We don't think the damage is over yet. This summer will be a difficult time for the PM sector, however, we do think the bottom is a lot closer than it was and we look forward to a resumption of the gold bull market.
    We know that it is impossible to pick the bottom, but it still remains incumbent on us to do our best to get as close as possible before adopting an aggressive acquisitions strategy.
    We are proceeding with great care with the lions share of our funds in cash at the moment and we are happy to be in this position, for now.
    All the best, Bob K
    Apr 21 06:58 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Hope that you are all enjoying the Easter Break and working too hard,
    cheers,
    Bob k
    Apr 20 07:18 PM | 1 Like Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    mbkelly75,

    TA is good tool but dont we try not to rely on just one indicator and the cross itself can also be a negative indicator as we showed recently in this post;

    The Golden Cross For Gold Is Not Always A Positive Indicator

    http://bit.ly/RRYpd2
    Apr 20 07:18 PM | 1 Like Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Physical Receipt,

    Yes SLW should be on everyone's list, we have traded it in the past and it has indeed been very kind to us. http://bit.ly/RRYpd2
    To us its a matter of timing, we are not prepared to buy it just yet as we are of the opinion that cheaper entry points lay ahead of us.
    But don't let us put you off, if you think they are cheap right now then we wish you every success with your acquisitions.
    Apr 20 07:13 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Listner,

    India had changed the regulations and China hasn't backed its currency with gold, when and if it happens will see just how gold behaves. For now it is still in a bear phase which is tradable, so we can trade and make money now or dream and pontificate about what might transpire.
    Apr 19 05:41 PM | 1 Like Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    RickshawETF,

    Assuming we get inflation and not deflation, also if the market does drop and stocks are heavily sold off, gold and silver stocks will not be spared they will go out just like the baby in the bath water.
    Apr 18 09:15 PM | 2 Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Bruce4Gold,

    We only cover the PMs so we cannot comment on your acquisitions due to a severe lack of knowledge on our part, but the markets in general look to be due for a sizeable correction, but that's just our very humble opinion.
    Apr 18 08:11 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    RideTheCurve,

    Sleeping with gold, not sure my Angel would approve of that, or the large guard dog that goes with it..
    Apr 18 08:08 PM | 1 Like Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Thee powers that be appear to have a deal regarding the Ukraine
    - jaw jaw is better then war war, one wonders how long it can stick
    in such a tense environment, we can but hope.
    Apr 18 08:06 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    user92718,

    It might be tomorrow and it might not, I had similar conversations in 1980 when gold had peaked - it spent the next 20 years in a bear phase.

    We want to make money now and so we have traded this downward trend thus increasing our cash position for when the trend does turn bullish.
    Apr 18 01:18 AM | 2 Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    claudius emperor,

    Yes indeed gold will soar, when the time comes and that's the million dollar question, if we can get that right, as in getting the big picture sorted then we should do very well indeed, but for now we are happy to most of our funds in cash. In 2013 cash outperformed gold, silver and the miners http://bit.ly/1qQVaBv so it wasnt a bad place to be then.
    Apr 17 06:47 PM | 3 Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Gary Jakacky,

    We stand by that 'gold is in a bear phase' as evidenced by its fall from $1900/oz to $1200/oz, catching the turnaround is today's challenge.
    Apr 17 06:40 PM | 3 Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    User 16336642,

    Stats from 1980 are a tad out of date, we've had QE etc since then, its a different environment today, so we are trying to ID the next and hopefully cheapest entry point. And as nothing goes up in a straight line we have recommended various 'short trades to our subscribers which have been profitable for them. http://bit.ly/17UodLA
    We do this to generate a profit not to support any particular stand point.
    Apr 17 06:38 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    BrBss,

    As they say 'the trend is your friend until it changes' - this bear phase is persistent so we are prepared to wait a little longer before going aggressively long on the PM mining stocks
    Apr 17 06:32 PM | 4 Likes Like |Link to Comment
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