Good News - Many Gold/Silver Stocks Are In 3-6 Year Cyclical Bull Markets
A good example of a gold/silver stock that's probably fairly early in a 3-6 year Cyclical Bull Market is Coeur d'Alene Mines Corp. (CDE), see
http://finance.yahoo.com/q/bc?s=CDE&t=5y&l=off&z=l&q=c&c=. CDE experienced a 16 month Cyclical Bear Market from early 2004 until mid 2005. It did an Elliot Wave ABC down up down downcycle pattern. So, owners of CDE should be in good shape technically, in that CDE is probably fairly early in a Cyclical Bull Market.
In other words, buy and hold investors can probably hold CDE and do well the next few years despite the HUI/XAU Wave 2 Cyclical Bear Market that began on 5-11-06 (began on 1-31-06 for reliable lead indicator NEM). I'm not recommending CDE, this is simply to say that cyclewise CDE should be in good shape, so, buy and hold investors will probably do well despite the brutal HUI/XAU Wave 2 Cyclical Bear Market.
For any gold/silver stocks you own that are fairly early in a 3-6 year Cyclical Bull Market, you should do well assuming there aren't any unexpected major negative developments fundamentally. From a cycles perspective investors and traders should be in gold/silver stocks that are fairly early in a 3-6 year Cyclical Bull Market. I hope this helps in this very difficult period. ....... http://www.JoeFRocks.com/
CDE HUI NEM XAU
http://finance.yahoo.com/q/bc?s=CDE&t=5y&l=off&z=l&q=c&c=. CDE experienced a 16 month Cyclical Bear Market from early 2004 until mid 2005. It did an Elliot Wave ABC down up down downcycle pattern. So, owners of CDE should be in good shape technically, in that CDE is probably fairly early in a Cyclical Bull Market.
In other words, buy and hold investors can probably hold CDE and do well the next few years despite the HUI/XAU Wave 2 Cyclical Bear Market that began on 5-11-06 (began on 1-31-06 for reliable lead indicator NEM). I'm not recommending CDE, this is simply to say that cyclewise CDE should be in good shape, so, buy and hold investors will probably do well despite the brutal HUI/XAU Wave 2 Cyclical Bear Market.
For any gold/silver stocks you own that are fairly early in a 3-6 year Cyclical Bull Market, you should do well assuming there aren't any unexpected major negative developments fundamentally. From a cycles perspective investors and traders should be in gold/silver stocks that are fairly early in a 3-6 year Cyclical Bull Market. I hope this helps in this very difficult period. ....... http://www.JoeFRocks.com/
CDE HUI NEM XAU
posted by Joe Ferrazzano at
9:32 PM
