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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 408.23+2.3%Dec 22 4:00 PM EST

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To: ecrire who wrote (8726)9/25/2007 2:24:23 PM
From: rubbersoul   of 29622
 
E,

Yes, the gold sector definitely needs "new buyers" and they may get stopped out as you say creating new opportunities. But how many more "new buyers" and seasoned gold investors are on the sidelines waiting to get in? Isn't EVERYONE expecting a correction/consolidation in gold based on TA as well as the seasonals? Also, a lot of stocks I follow are way below their highs when gold was trading at a lower price. One shouldn't get too cute here, trading in and out unless they are keeping one foot in. The fire sale already happened in August. Any dips from here on will be shallow and on lower volume, imo.

The real bet to make here (ST/IT)is where one thinks gold and gold stocks will be by March-May 08.

Just a bozo's opinion.

:O)
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