At the bottom the list of reasons not to buy is long and the logic of not ot buy is “iron clad”….at a top-in any market–the bullish arguments are irrefutable…yet the wisest and most successful investors all say buy when there is blood in the streets
….the issue of earnings is just a “hook”…gold will rise when it is ready irregardless of earnings….buy the rumor: “gold companies are all going broke”–and sell the news=gold companies at peak earnings…so it is written: so it shall be… that said, I have no idea if gold is at a bottom or when it will be…