GOLD 0.51% $1,391.7 gold futures

cramer says sell gold stocks, page-10

  1. 5,068 Posts.
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    I hear where you’re coming from but he is making his assumption based on sentiment mostly...

    I’m not going to do another long winded post here to prove why Gold is the focus as well as the potential it has to continue its up trend of late...

    In regards to gold stocks, there are some that are well cashed up to ride the financial turmoil, and there are many exploration companies that are sitting on a heap of Gold. So as an investor why not take advantage of the low SP's and grab a few and await joint ventures/takeovers or possible production for some...

    Remember in early 08 when iron ore plays were the serious movers, demand for iron ore was high, china was buying up hard.. Due to financial crisis and IMO worse yet to come Gold will be a proven safe haven, yet again, as with history... the signs are all around us.. Many missed out on the iron ore plays, many made a heap out of them, Gold is the interest of late, and sure it will spike and fall back a few times, but Gold has along way to go yet this year, would you really want to miss out on the opportunity...

    Factors of why the POG will fall would be a fair argument, however there is nothing substantial IMO for GOLD to fall to lower low's... the USD is failing and will continue to fail in the long term...

    Cramer's analogy is simply aimed at sentiment and momentum, when something rises it must fall, he is thinking its about to fall, for what reason, he's just taking a stab in the dark... probably cause he thinks he missed the ride... tell ya what, we will come back in 2-3 months and see how those charts look...
 
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