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blowingup2012

Registered: Mar 2012
Posts: 251

04-28-12 04:16 PM

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Lights

Registered: Sep 2003
Posts: 1147

04-28-12 04:18 PM

gold is closing on it's 15 year bull market

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blowingup2012

Registered: Mar 2012
Posts: 251

04-28-12 04:23 PM

Gold is at highs never seen before, but as the chart indicates, miners are just above the highs of the 80s/90s. Production levels are also hitting new highs and revenue has never been better at the miners. What gives? I think the miners are just unloved.

When traders put down their Apple, then they will move into another set of stocks. Sector rotation is just a matter of when not if...

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Illum

Registered: Jun 2008
Posts: 1679

04-28-12 05:29 PM

What do I know. But when the market is wrong for this long...it's probably right.

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blowingup2012

Registered: Mar 2012
Posts: 251

04-28-12 05:53 PM

Its going to be right until its wrong. Like in 2000, PGR and the rest of the insurers made lows despite having great fundamentals. Those who switched from tech to value in March of 2000 were handsomely rewarded.

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AAAintheBeltway

Registered: Oct 2001
Posts: 14532

04-28-12 06:53 PM

This is puzzling and has caught out some smart money. I don't know much about the miners, but they have to be coining money now.

I have to say though, usually you are better off following the adage that "price is truth." These stocks are unloved for a reason. I just don't know what it is or how valid it is.

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