We'll almost certainly see $1,000 gold in 2008. But, we may have a correction first.
Nothing goes up in a straight line, and the US dollar is due for a counter-trend rally.
Nice chart explod....quick some one post in the outstanding break out alerts thread.:dance
So thats the intra day record gone as well ? or is that only relevant to NY price ?
The countertrend USD rally may be over. It went from 74 to 78 on the USD index, now at 76. It may move sideways for a bit, 78 will be tough to break, 80 incredibly tough and only a retest of the 34 year old broken neckline, or just as likely it could drop like a stone to 72, on its way a lot lower.
Intraday it hit $887.50 in Jan 1980.
this could be a big week. Will be interesting to see if the HUI breaks out too.
A summary of some well-known gold timers' outlooks:
http://www.marketwatch.com/news/sto...x?guid={BBC65065-057C-4A80-A101-53AE266D08D2}
GLTA
Comex showed $895 so a break over that would be nice.Intraday it hit $887.50 in Jan 1980.
If HUI goes above 460 tonight or tomorrow on way to 500 min
I bought 'gold' today as service I subscribe to informed breakout tonight 'FEB gold' and on its way to US$ 902 at least in this move.
Also all POG corrections are very shallow. so often hard to find the bottom of the correction
Also a possibility of a very interesting night on the DOW is about to happen? yet looking at the futures at the moment they are positve so maybe not.
ROFL.Crikey , you should see Skippy on the hop , old man emus driving .
he can run the pants off a kangaroo
Is that our handicap ......... now on par excellence ?
Not quite , another 30 odd cents yet .
Are gold stocks moving predominantly with the market, or POG? Bit of both? Need a good finish on the DOW for gold stocks to run with POG here I suspect.ROFL.
Well, volume and the PPT couldn't hold it back today. Australian gold equities really need to follow through from here...
Yes Kennas, but at some stage there may well be a disconnection.
Well this translates to about 20-25c for NEM today, if the rest of market doesn't tank. Interesting strength in POG with little pullback consolidation - has a pause to recharge and off it goes again. The trader in me looking to short around here ie $880? Deal or No Deal - Lock It In!!
Ackerman 6/1/07
A run-up to as high as 506.50 is possible over the next 6-9 days, but first the Gold Bugs Index would need to close above 460.86 for two consecutive days.
Beanster, I thought you were waiting for $540 as an entry?NEM - was given a number to buy bought, the stock gapped up so US subscribers missed out however Aussie subscribers seeing the POG pass a certain buy point during yesterday could have jumped on board.
However looking for the two I did buy AVO and CXC to make good runs
Also a possibility of a very interesting night on the DOW is about to happen? yet looking at the futures at the moment they are positve so maybe not.
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