NCM 0.00% $23.35 newcrest mining limited

bounce from 52 week low, page-3

  1. mtl
    655 Posts.
    hey fasttrade

    the negativity displayed by SG and others are no different to the current sentiment surrounding gold and gold stocks at the moment

    it is the FASHION now to be VERY negative on gold and gold stocks

    if you have experienced other media sources (CNBC, Bloomberg, etc) , espc the financial media, you should be able to see this now and the bearishness on gold stocks in particular is overwhelming - NOBODY wants to be long of gold stocks and everybody is waiting for gold to crash to 1000 and below - commodity bears are everywhere including the RBA who has predicted the end of the commodity boom :)

    there is not a day that goes by when there isn't somebody reporting on massive losses by Paulson or any hedge fundie involved with gold, giving the impression that gold and gold stocks are terribly toxic to own - neglecting the fact that Paulson and those hedgies are probably still sitting on mega gains since they bought much lower than current prices

    in any case, ppl should be making their own trading/investing decisions and not listen to the 'chatter' ie DYOR

    and nobody should blame anyone else for their trading/investment mistakes

    it is almost certain that no one will attribute their success to somebody else's opinions they heard/saw on the interwebz
 
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