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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 393.24+1.1%Dec 11 4:00 PM EST
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To: loantech who wrote (7329)7/29/2007 4:44:53 PM
From: SwampDogg  Read Replies (1) of 29622
 
Meaning that gold could set a low anywhere between here and the low $600s. An 'E' would allow for a break of the lows that we have seen so far in 2007 and still be OK.
The good news is that this would be very fast and unless one is on margin it is of no significance except that it causes heartburn:)
IMO we will not see much more pain here but it is possible. The most likely scenarios are that we have set the low of the pullback or we see $650ish
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