"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, May 9, 2012

2008's Mini Me?

Is this 2008-lite? I mean really, the damage in the gold stocks is 'only' gut wrenching as opposed to an outright and panicked puke fest like 2008.

What about the broad market? It is only just starting to beckon policy makers to get in inflationary gear?

Anybody remember what the miners did in Armageddon '08? They disconnected but good and led what  would eventually become Hope '09.

Today they have reversed and that's a start. So I wonder if this current election year event will be a Mini Me version of '08? Or will there be pain renewed after the gold bugs take a little hope respite?

All I know is that when value is on sale I slowly take some of it when people are serving it up. Slowly but surely.

http://www.biiwii.blogspot.com
http://www.biiwii.com

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