Gold Stocks Bottom Is Found

Oh no another Gold Stock bottom caller!. Hang on! Well its gotta happen at some time!

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A G7 country (Japan) has moves to negative interest rates (NIRP). Well having YEN under the bed earns more the YEN at the bank! Gold also protects you from bentral bankers nutters! Get the feeling that gold and silver will now creep onto more portfolios! Gold stocks will follow to some degree gold, may not be rock stars just yet but the environment is changing for this bruised sector! The last week of Jan 2016 price action in NEM was a good ‘sign of strength’ that looked like a ‘change of behaviour’ worth watching!

NEM

Investing Quote…

..”Successful tape reading is a study of force. It requires the ability to judge which side has the greatest of pulling power and one must have the courage to go with that side”..

Richard D Wyckoff

..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..

Bernard Baruch

..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..

Bernard Baruch

..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..

Bernard Baruch

The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.

Basketball Legend Michael Jordan.