18.04.2012 - Are gold stock fundamentals still bullish?
In the face of a correction or poor price action, we’ll often hear analysts proclaim the bullish fundamentals of precious metals. While this is true on a structural and secular basis, it doesn’t mean the market always advances every year or two. We’ve written about the wall of worry phase and how progress in the second third of a bull market is limited. he HUI hasn’t made any net progress in the past four and a half years. It has actually made only limited progress since 2006. Furthermore, the typical corrections in this sector are wicked. Corrections of 25% are routine and happen several times per year...............................................Full Article: Source
Print