On Friday evening, in light of the extreme optimism on the BB, I knew it would come to pass...
"HUI has been up 6 days in a row; therefore, while there is no reason why it couldn't go to 7 days, the probability of a lively two or three day correction is very high for next week, and would bode well historically, for a very long and strong uptrend thereafter."
...when I only had ONE thumb up!
Now that there is "blood in the street", and extreme recrimination on the BB...I have now re-purchased almost all my ounces/shares and have enough left over to buy a diamond bracelet for my wife for x-mas. The share prices will recover in a week or more...nothing lost...and the PM bull will procede from here, as the world economy goes to helll.
Gold will go to $10,000 and silver to $500+
Aum ounces will then be properly valued in terms of $$$.
Until then, count ounces, not $$$ value.
As my old granny would say, "You have to pay for an education!" Hope everyone learned to beware of 5 and 6 days up!
I've been in that head-space many times...your pride hurts more than your wallet.
lotus petals,
gildage
