Benkea,
>>> Gold up ANOTHER $3 <<<
I am far from an expert in GOLD, but it would be interesting to see if the SECTOR ROTATION momentum continues into the GOLD STOCKs.
On a subjective basis I consider the SECTOR ROTATION we have been seeing since APRIL just as extreme momentum in limited sectors. And yes I do believe it will end, but as to where it will end it is hard to determine as we have seen in the past. This type of SECTOR ROTATION MOMENTUM is so hard to predict as it was in the internets and other sectors. Will it be same now with GOLD, I dont know, but why not.
Of course the BULLs will say it will end soon, but why is this SECTOR ROTATION MOMENTUM different from others. Its the momentum, once its gets moving for whatever reason its hard to stop and darn hard to pick the top. The BULLs wont like it, but keep in mind concerning its own sector it is bullish. In other words , hypothetically, if the rise in gold was good for the rest of the market some bulls would be all for it. All Im saying is that this is just another example of SECTOR ROTATION MOMENTUM, regardless how it effects the overall market. I wont predict how high it will go, but to ignore this MOMEMTUM since it does not support the bull's position for the overall market, shows lack of objectivity.
GOLD is now seeing SECTOR ROTATION MOMENTUM!!!!! Where it stops who knows, just the same way others were saying about the NETs/ETC.
seeya |
