J.J. Abodeely is "jumping into the abyss" in pursuit of downtrodden gold mining stocks. If...


J.J. Abodeely is "jumping into the abyss" in pursuit of downtrodden gold mining stocks. If shares are being weighed by a negative view of the gold price and concern over input costs, he thinks they should rally if either conditions is resolved favorably; he also believes evidence of further economic weakness would be met with a policy response that will benefit gold.

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Comments (3)
  • Grumpdad
    , contributor
    Comments (3) | Send Message
     
    As Soros is an acknowledged Illuminant and he is predicting chaos, rioting, and economic doom while buying gold it could mean an increase. However one must understand that their system will manipulate things to their advantage. Consider the billions lost today by those who bought FB on Friday. The only ones that are making it are those of the inner circle and they know when they will knock the price down by $100 in 5 minutes as they did in Feb.
    21 May 2012, 05:51 PM Reply Like
  • rfgeist
    , contributor
    Comments (7) | Send Message
     
    The trend is your friend. Need to see a true reversal before getting back in.
    22 May 2012, 07:26 PM Reply Like
  • LUMAHAIBLUE
    , contributor
    Comments (5) | Send Message
     
    I'm waiting, your catching a falling knife here. Long term macro for gold is very promising. If things crash in europe, a market selloff will ensue including pms. That is when I'll initiate a position. GOOD DAY.
    23 May 2012, 10:24 AM Reply Like
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