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Non-Tech : The Woodshed

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To: SwampDogg who wrote (25436)	4/10/2005 2:03:32 PM
From: steve from ihub	Read Replies (2) of 60899

i totally disagree with that. few think we are going to drop that low on the xau. the majority are heavily invested now and think we will turn up. what is the basis for your thinking that the gold bugs are on the sideline? this thread has some very knowledgeable folks, but i would be willing to bet that if you did a survey that 80% or more are in now and have been in for some time. i am in now but only for a bounce and have made that clear when i started stepping into the trade. the window for the bounce is closing and i am not that comfortable holding for much longer. since the 15 and 60 min charts have reset i am pulling for a bounce mon/tues which i will sell into and take my meager profits. should we break down early in the week i will be faced with a tough decision. i currently need .46% rise in the djgsp index for breakeven. if we get a decent two day bounce i can make a percent or so which frankly isnt that good for all the effort but would sure be better than riding it down from here.

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