Well, that was an interesting day. A re-test of the lows, volume dissipating as it was approached, and then very strong volume on a powerful move back up towards $1400. And in reading the reaction of various folks who pay attention to the precious metals, there is some optimism that the lows, after a grueling 21 months, have been seen. We need a bit of confirmation, but maybe, just maybe, the tide has turned.
Update: I should be a little more clear. Nothing is established at this point, and it's possible that we could drift sideways also, but today's successful re-test might indicate that the lows have been seen.
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Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
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I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr... -
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