MARKET PRESSURE = BUYING OPPORTUNITIES
As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater.
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A must read, I found this article on Stockhouse.com, I thought some of you might enjoy reading it.
Precious metal shares should outperform the metals themselves.
We are getting closer? The following is an extract from the May 2008 Issue of The Global Speculator sent to subscribers on the 6th of June 2008. May 2008 has seen some consolidation in the precious metals sector. Gold rallied back over US$900 only to retreat back to around the US$880 level. I continue to see one more sizeable correction for gold, which could take it anywhere between US$810 and US$840. The key to where gold eventually finds its low will be the precious metals shares and how they perform as the gold price moves. We are looking for the shares to clearly outperform the metal. The most obvious signal will occur on a day where the gold price falls heavily and the shares depicted by the XAU or the HUI hold firm or even rally slightly. Full Article with Charts etc...
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Mr. Brown discusses the latest press release "Duran Ventures and MacMillan Gold Business Combination Update".
