Agree with you Topsy. GS is telling clients to sell, shorting the shit out of PM's while at the same time buying flat out. Do what they do not what they say I think is the SOP for GS.
One has to realise that when a sector gets smacked down it eventually ends up near or at the bottom. Around 1520 for gold and 26 for silver seems to be that point. A sector only stays down for so long before it eventually gets its day in the sun again. You just have to be patient and BTFD.
It seems that over the last month or so quite a bit of chatter has been pointing to the cheapness of PM miners. I have no doubt that as this circus called the global financial system unravels we'll see miners come to the fore again. Possibly (hopefully) this year by the way things are going.
It looks like CB printing may (prob will) go into overdrive this year. The only downside may be a strengthening of AUD. That doesn't make it any easier for our PM resource companies but China's mega debt load that is increasing exponentially may see them blow up within the not too distant future. That would undoubtedly put a dent in the AUD.
However you see it PM's either as physical, miners or both seem to be prudent counter-measures against what will eventually be a disastrous correction for many
AYN Price at posting:
0.7¢ Sentiment: ST Buy Disclosure: Held
