RGLD is at a critical juncture. The Triangle, and thus the moving averages, were lost and a little bear flag is in danger of breaking down. While many gold stocks have been doing just fine or better, the premier ones that most 'regular' stock investors look at have been giving negative signals.
I'll likely become more bullish as the indices and highlight stocks degrade. There are targets that could be reached with gold bug sentiment in the dumps and fundamentals (this is actually the most compelling aspect, followed every week in NFTRH) on a renewed up swing. This is the play and most 'stock investors' are going to miss it, or at least they are going to miss the best value propositions as they tag along much later and at much higher levels. I am now so greedy I have to make sure to remain disciplined and patient.
Meanwhile, gold stock bulls are viewed as behind the curve and really pretty stupid by the average investor. We'll see.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I'll likely become more bullish as the indices and highlight stocks degrade. There are targets that could be reached with gold bug sentiment in the dumps and fundamentals (this is actually the most compelling aspect, followed every week in NFTRH) on a renewed up swing. This is the play and most 'stock investors' are going to miss it, or at least they are going to miss the best value propositions as they tag along much later and at much higher levels. I am now so greedy I have to make sure to remain disciplined and patient.
Meanwhile, gold stock bulls are viewed as behind the curve and really pretty stupid by the average investor. We'll see.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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