Gold

;} catch(e) {}" href="http://2.bp.blogspot.com/_Re9-fle5IRM/SKBruXlqNEI/AAAAAAAACN4/Ug_A_m5so48/s1600-h/goldmo.png">This could be the final leg of the decline into a serious capitulation with long term implications. A crash into the 260's/270's on HUI and a reversal is very possible. I do not want to sit here and pretend this does not affect me - it is pretty sickening to watch. But it is exciting too and it was always on the table. The chart I uploaded is from the June letter.

I am seeing talk of gold to 600 (by goldbugs) on the analysis websites and that is before it has even broken the trend line through 800. This is the kind of thing that helps carve out a bottom. Nothing is a given, NOTHING. But you need that kind of talk - during what in the big picture is a normal retrace - to make a solid bottom. And you need people believing it.

Edit (2:34) I just added to a core junior position that is only listed on the TSX-V. I forgot what it was like to do the conversion from CAD to USD and actually be buying for significantly less than the CAD ask price. I guess there's one small consolation to a strong Uncle Buck, even if it's really just a psychological one. The bargains on some of these stocks are hilarious. It's either that or time has passed gold sector investors by (again). I tend to doubt it. ;-) Edit (3:50) Uploading SLV chart from back in March. Amazing how it eventually fulfilled its destiny.