taper, page-31

Thanks for your feedback Bruce but keep in mind that my posts are not meant just for you. You might not trade ABU but others obviously do.
The prices of the majority of producers do matter to the near term price of ABU as it is clearly affected by sentiment for the sector. You often talk about how bad sentiment has been and how negative that is for ABU's sp so why shouldn't I post when I see a potential turn in that sentiment? How many times to we hear ABU won’t go up while sentiment is poor? Why is it “hype” if I post something that shows sentiment may be improving? Gold stocks rising on a big down day for POG certainly says something about the possibility that sentiment may be turning. It's not just one day. It has been ongoing for a few weeks now. Some of those producers have been rising gradually over the last two weeks despite the POG falling to lower levels over the same period to retest June lows. Recognising the turn in sentiment back in June as gold made its low may have meant anyone that wanted to sell ABU could have waited for what turned into a massive rally higher to 4c rather than selling in the low 2's. Isn’t that important to ABU holders? Recognising that potential turn in sentiment- just as sentiment was at rock bottom, could have prevented some holders from selling on the lows. That June rally began with the same producers I commented on. You need to watch them to get an idea on sector sentiment.
Yes I am a big gold bull, but only because I believe gold is significantly undervalued. The price dropping below $1500 was never going to change my long term view. However after that support broke I have regularly posted that the short term POG was in my view manipulated and had become very unpredictable. I think that's been a reasonable opinion. That is part of the reason I prefer to watch what the producers are doing more so than what the POG is doing. You can be sure that if the POG is manipulated then the stocks will lead the POG and we see that often enough in the short term trading and it probably will be very obvious when the final low is in from what the producers are doing.

I hope that explains why I posted these observations here. Some like yourself might not be interested but others will be. If we only posted what would appeal to every reader, we wouldn't be posing very much at all.