Good Jack Chan observations:
Jack Chan
www.traderscorporation.com
Sep 02, 2005
Intro
"To da moon", bet you haven't heard that for a while, a long while. Last time I heard that was around Nov 2003, just before gold stocks topped out. Its been over twenty months since the party was over, although we've had some nice tradable bounces, but the easy money of 2002 and 2003 are now a distant memory. The 7% rally on the $HUI past two days have brought some gold bugs out of the woodwork. A few of my subscribers sent me messages today, posted at some of the gold forums, and yes, according to these self proclaimed gold gurus, the gold train has left the station and $1000 gold here we come.
And you now what? They could be right, this time. Well, if gold is truly in a generational bull market, eventually they will be right. The purpose of this article is not to debate when and why gold will reach $1000, in fact, I don't even know what gold will do tomorrow. Anyone who suggests they know is pure guessing. We cannot predict the future, but we can prepare for it. But how?
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