I'll second that! Not to make anyone mad, but it has gotten a little old hearing so many previous gold bulls who chose to sell out on this drop, keep on and on with the negative talk in hopes of driving down prices back to where they originally bought or even lower. Not that the talk will really have any effect -- whatever is going to happen will, but sheesh, it's like Slider was doing WAY back when the HUI was near 100. He sold out and then began a non-stop talk of why gold should keep going down. Well, it did not, and he missed the last leg up. Here's him from July, 2003:
"This most recent bottom of 115ish in March was not attractive to me on the longside...but, this rally here is attractive to me... on the shortside."
"I wouldn't rule out a move to HUI 172-180 here as a final top if the So African Miners do go on strike...and sans a reversal in those aforementioned 4 catalysts - that's a no-brainer 50 point short; in a straightline back to the 130's - 140's...in what will be a High Reward/Low-Moderate risk - Short Trade imo."
Now, after this quick correction, let's get the next leg up again. I also would love to see a gap and breakaway leaving all the naysayers shaking their heads. But, hey, to each his own.
I remain,
SOROS |
