This is GOLD bean. GOLD I say!The Gold Indexs have not taken out those highs. The US markets have not taken out the highs, So the big reversal day last week still in play?
Gold will be up again tonight?
US$ D day is approaching for a collapse or rally?
I have been in and out of the market like a Yo Yo.
But am back to 100% cash.
Next week may be 100% back in gold stocks?
but may also be glad 100% in cash?
The Gold Indexs have not taken out those highs. The US markets have not taken out the highs, So the big reversal day last week still in play?
Gold will be up again tonight?
US$ D day is approaching for a collapse or rally?
I have been in and out of the market like a Yo Yo.
But am back to 100% cash.
Next week may be 100% back in gold stocks?
but may also be glad 100% in cash?
Kennae
This is GOLD bean. GOLD I say! The most decisive post I've seen on ASF for a long time.
In regard to the highs, weren't you talking about POG highs at the time? I must have misread.
Can you please start a blog somewhere with your current positions so I know where you are at any one time. Cheers.
[QUOTE]and are the markets are they taking POG down or is it going down by its self??[/QUOTE]Gold is up and downGold futures are getting hit atm
Gold 751.20 -17.20 -2.24
Souce: Bloomberg
Yeah, love it. Been waiting for this dip for a long while.
It may be a buying dip. A lot of gold bulls are not fully in this market so I am looking gold still being reasonably strong however if selling in the geeral markets intensifies then ???? Is it a larger correction as people look for liquidity again and go to cash US$ or Bonds."Yeah, love it. Been waiting for this dip for a long while."
Can you elaborate on this stement? Just curious to know if you see the dip as a buying op..or you have philosophical reasons for being glad.
Cheers Ya'll
Gold futures are getting hit atm
Gold 751.20 -17.20 -2.24
Souce: Bloomberg
To all the gold bulls watching the POG tumble, remember the way gold moved in the early stages of the last correction and then what happened when the Feds decided that they would sacrifice the green back to ensure that the US remained in the game. Here is a good article on the correlation between the metal of the ancients and the unruly beast that is the US capital markets.
http://www.financialsense.com/editorials/casey/2007/1018.html
Uncle Ben will ride interests rates down to save his place in history with the USD being offered up a sacrifice to keep the wheels of the capital markets churning.
Gold will rebound and push on strongly.
"Yeah, love it. Been waiting for this dip for a long while."
Can you elaborate on this stement? Just curious to know if you see the dip as a buying op..or you have philosophical reasons for being glad.
Cheers Ya'll
As Mr bean said.
A lot of analysts are predicting it will hit back the May 2006 level ($725-735?) before going back to full speed up again. So I am waiting patiently.
It's only for my parents (and a bit myself) long term portfolio, so obviously want to get in at weak prices and hold for long.
As Mr bean said.
A lot of analysts are predicting it will hit back the May 2006 level ($725-735?) before going back to full speed up again. So I am waiting patiently.
It's only for my parents (and a bit myself) long term portfolio, so obviously want to get in at weak prices and hold for long.
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