Well almost today. Took a nap and woke up at 3:57 and said Darn It.  Finger on the trigger at these levels. Why would anyone buy PM stocks right now?

Well, for starters you have the Clive contrary indicator working in your favour. Then we have the same old, same old, “the Gold Sky is falling” newsleters and internet crowd stepping all over themselves to call for ever decreasing Gold price forecasts from $850 to even $550! Ski is back up at the plate saying that the “new” Life run may be busted.

These folks are in a time warp and are just repeating what they said last August.

Look at AUY for example, check the charts…thats correct, you could have bought this stock, for roughly the same price, back in the first week of January! The same goes for many other PM stocks.

Seasonalities are also in the bulls favor. From the August low to the March high was roughly 7 months… this suggests further upside.

Technically, the PM stocks are oversold and in fact the bottom may have taken place today. There is an obvious attempt to crash Gold below $900. This, IMO, would work for only a day or two at most.

We are being gifted, right now, with a wonderful opportunity to BUY the metals and stocks at bargain prices. Fear is our enemy. And if you think that you are sticking your hand out trying to catch a falling knife then you are correct but, you are catching it a few millemeters from the floor.

I am not a perma-bull. I think that we will have another great buy opportunity this Summer. But now is now and the time to stage in buying is now..sometime this week.

The PM bears and their related shorts are flat out scared. Some entity of that ilk needed rescuing pronto as shown by the over extent of the initial 3 day smack down. Paulson was up at the plate today, March 31..end of Quarter..smack Gold down..PPT and Central Banks ever so coordinated.

Looking now for an 8 week run-up. At most, the bears have a few more days. My charts are telling me to buy…so by this Thursday I am fully in and yes, back on Margin.

You don’t have to buy now if your not comortable, thats understandable. But, to sell in in here? thats nuts!