Gold may not be the only sinking ship this week . Yes, Im calling a gold price bottom this week, its outrageous I know, but I am.
http://www.gold-eagle.com/article/high-alert-stock-market-dangerous-place-right-now
Personally I'll be "quantitatively easing " myself out of the remaining small parcel of non-gold equities I hold this week. Whether gold mining stocks fall with a broad market correction will most probably hang on the severity and speed of the correction...the slower the better for gold miners.
If it looks like a duck, quacks like a duck and walks like a duck...its a duck. And this equity market is as oversold as it gets whichever way you like to look at it, and gold and its stocks are just about as oversold as it possibly can get. So if you add the two up and have the courage to act, you'll make some money.
I'll be shorting Australia Post, Telstra and a few US equities. Still buying aussie gold miners.
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