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Bob Kirtley  

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  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    agent86,

    Yes we still think that GDXJ could trade a lot lower and even half in value. We have never really regarded this vehicle as a good investment and still don't. We would consider another short trade if it put in a substantial rally or bounce.

    Sorry I can't be more positive about this one,

    cheers, Bob
    Aug 30, 2015. 06:08 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Steven,

    No doubt we are getting close to the bottom but we remain of the opinion that gold will trade at $1000/oz or less, nothing has really changed on our landscape.

    Your correct in that a lot of damage has already been done in the minds of the investors and that will take some repairing, another reason why this will not turn quickly. There are also those who are waiting for a rally in order to sell into it and they may never return.

    As for the HUI, even if it doubles from here it will it will stand at 230 which is a long way below its high of 630.

    As gold bulls we do watch this like a hawk and would very much like to get back into the bullish camp, but not yet because its not over yet.

    We will remain largely in cash taking the odd pot shot at a few trades but we are in no rush to become aggressive in this sector.

    Take good care, Bob K
    Aug 30, 2015. 06:02 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    The gold bugs index; the HUI is down again to 105.23 just 5 points above the drop zone, we may now get a final capitulation......
    Aug 26, 2015. 07:40 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Gold down $14/oz at $1124/oz - another tough today unfolding.......
    Aug 26, 2015. 09:28 AM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    james,

    This is wishful thinking as your portfolio is in the wood shed.

    You have avoided my question of "what did you make?"

    We publish every trade we make and you don't show us your trading record - why is that?
    Aug 22, 2015. 07:32 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    james,

    I agree with him in part and also that the Fed will have made up their minds before the September jobs print and as we know one swallow does not make a summer.

    Your comment that the HUI is 4.5% today, appears to ignore that the fact that it is down around 80% from high a few short years back. You are sounding more and more like a perma-bull on gold.

    We are still not convinced and are looking to use this move higher to establish some short positions.

    Have a good one, bob K
    Aug 20, 2015. 05:26 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    The US Dollar is struggling and gold is up to $1138/oz - could this be the start of something big or a bear trap?
    Aug 19, 2015. 11:40 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    james,

    We are gold bulls at heart and we made money when it was on the way up and we spotted the bear phase and made money on the way down - what have you made?

    cheers, Bob K
    Aug 13, 2015. 10:38 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    james,

    We have been right for the first part of this bull market and we have been right for this bear phase and made money out of both - what have you made?

    cheers, Bob K
    Aug 13, 2015. 10:34 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    james,

    1. Technical Analysis is only right for 50% of the time, if it was more reliable then we would be rich.
    2. Throwing 86 Billion Euros into the basket case that is Greece wont help the Euro when it dawns on them that they will never get it back as the Greeks will never change.
    3. Infrastructure spending is a short term boost in employment if the money actually gets that far. To build major projects requires foreign nationals so very little in terms of income will go to the Greeks - I know I have worked on such projects in many parts of the world.
    Take care, Bob K
    Aug 13, 2015. 05:11 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    The move up in gold was caused by an overdue bounce as it was extremely oversold, along with a certain amount of short covering.
    The USD is lower now than it was a week ago so the Chinese devaluation had very little to do with it.
    The Greek bailout will go ahead and nothing will change, the Greeks couldn't stick to the conditions of the first or the second bailout, so the chances of their politicains imposing even harsher terms on their people and expecting such conditions to be accepted is silly. Expect another election shortly and another new government in Greece, who will need yet more cash. They should never have been allowed to join the EU and the sooner they go the better for them and the EU.
    If we do get a half decent rally it could present us with opportunities to place some short trades... just a thought.
    Take care, Bob k
    Aug 11, 2015. 08:10 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Team,

    Don't get excited about this bounce in gold its only a minor correction
    http://bit.ly/1M1taqO
    Gold is already back to $1097.70/oz
    Go gently as per usual.
    Aug 10, 2015. 09:50 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Steven,We could debate every point that you have made but I will stick to looking for reasons for things to happen, without reason then everything is random in which case we could just darts at a board and go that way..... not for us.
    have a good one, Bob K
    Aug 10, 2015. 04:34 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    7411931,

    With the HUI being down 83% one has to think that we are there now - but what will be the driver, the ignition to spark a rally in gold - there isn't one in the frame at the moment so .....
    have a good un.
    Aug 9, 2015. 08:59 PM | Likes Like |Link to Comment
  • Gold Stocks: This Bear Phase Isn't Over Yet [View article]
    Steven,

    5 months ago the USD stood at 100 - today its at 98, not a lot of change here.

    Gold might indeed rally on a rate hike as it could be a case of selling the rumor and buying the fact, a lot will depend on the fed 'speak' at the September meeting, especially if they outline a schedule for further rate hikes, that would be a nail in gold's coffin.

    take care.
    Aug 9, 2015. 08:51 PM | Likes Like |Link to Comment
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