Hello Pezz, Report from the Arena:
Deliberately bought more Suncor Energy finance.yahoo.com for its sand, at USD 89.20
Panic bought finance.yahoo.com at USD 123.31 just to get away from more Dollars
I watched everything in commodity space going up, accelerating to escape velocity, and interestingly, for the week as opposed to for a whole lot of years, gold has made double digit gains for two trading sessions.
I suspect that, eventually, gold will make triple digit daily moves, in both directions, and yet, percentage wise, merely trading in a tight daily band :0)
At some point gold could make a 30-50% correction. Wall of worry to keep folks shy.
Gold, shiny, winking, warm to the touch, useless, without correct price, difficult to handle, troublesome to house, is fulfilling its destiny as intended, since the time zero (could have been talking about wifes :0)
Comment: inflation adjusted, gold, silver and oil is still way undervalued, especially against DOW/Nasdaq and particularly housing.
Chugs, J |
