The time to buy is when the crowd is apprehensive, anxious, weary, doubtful...
Check this out to see just how much sentiment influences ATV's listed price:
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GDXJ&x=38&y=13&time=9&startdate=1%2F4%2F1999&enddate=8%2F29%2F2012&freq=1&compidx=aaaaa%3A0&comptemptext=au%3Aatv&comp=au%3Aatv&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=64&style=350&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=13
And then consider, what happens if the gold price starts running, and people suddenly begin to take an interest in the sector again, and stumble across ATV... only to discover it's cum production but still priced as a specky junior explorer?! Remember, this index comparison graph started two years ago when ATV still had many goals to kick. Expect ATV's correlation with the Junior Gold Index to be broken in ATV's favour to the upside in future..
The Fed will likely announce QE this Friday US time. Bernanke needs Obama re-elected in order to retain his Chairmanship. There are very high odds of some form of QE being announced. Don't be surprised if it's a headline figure of a few hundred million dollars, but open ended (never ending!)..
Let the fireworks begin!
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