Exactly jr.
I can not tell if this correction is over or only a little over half way over. Seems a little short in time yet to be over. I am at present fairly convinced it is just a correction and the HUI is going to new highs, and the next stop will probably be at least 250/260 or so.
In the meantime my portfolio has been jacked around during this correction, but I didn't sell say at 195 (for a loss maybe) only to buy in again at 200. And notice the dollar didn't take off to 94 today per some predictions.
If the gold futs hold their current level today I think it a major positive. The longer this goes on at current levels, the harder the pop when it comes. This gold market is global, this knock down was US technical, but foreign entities immediately buy the dips.
And I have not shorted yet either.
Just rebalancing a tad and waiting to roll some short. Waiting, the hardest thing to do sometimes.
Rumors on BGO Yahoo! board about something to happen here at end of close. I'm still loaded BGO, just sold a very small number of shares for personal reasons. I have two possible setups for BGO, one the correction is over and it has started a 5, two the correction is more than half over from the previous peak and the b wave is in progress, inferring it will get knocked back one more go. It is a setup for those who might want to play - i.e. if it gets knocked back buy the dip. There is a possibility the 5 will take it to 4 bucks or so. If it does I can say I got it all, from 1 dollar US (actually started buying a 36 cents, sold all at 1.70 or so first go).
This pm run is a long ways down the road, and has been an opportunity of a lifetime, but it is far from over, just getting harder to get the really big gains. |
