Sunday, August 26, 2007

Silver Seven Juniors Chart is at Buy

It is always dark before the dawn. Nobody believes in Gold and silver any more. All weak hands and those reckless to be on margin are wiped out. All charts "are broken" and new bear market in goldies is pronounced. If you are first time here - welcome to the club: we are hitting Major bottom in goldies and silver juniors, only those who believe in fundamentals and are not squeezed by margin left - it is solid foundation for new Bull Leg Up. Look for those who just recently made financing and are trading below it: they have resources to deliver results. Next Bull Leg will be acquisition driven and juniors with solid management, properties of merit and sufficient cash will benefit most. If FED is so scared that came to save the market after recent modest plunge in general markets the financial system is rotted to the core. Look at all those European, Australian and Chinese subprime victims of the latest and biggest export from USA: IOU with AAA rating backed by "Liars loans". Who would believe in any rating now? Confidence in USD based assets and USD itself is damaged worldwide. Massive exodus from all that paper assets will bring USD down and part of all those money will find its way into gold, silver and commodities story. Just a fraction of high risk funds availible will ignite junior mining sector. Expect a lot of volatility, retest of recent lows and very explosive move up. For refference I will provide chart from year ago.

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