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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: regli who wrote (46970)12/10/2005 10:14:21 AM
From: UncleBigs  Read Replies (6) of 110194
 
I think gold corrects hard in the next 2 months and maybe longer than that. This huge rise we've is a buying panic caused by Bernanke's appointment to the Fed. Momentum buying and short covering added to the price spike.

I see the Fed staying the course next week and believe that will be disappointing to gold speculators.

As we edge into 2006, I see a stronger dollar, weak housing, weak stock market and weak gold.
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