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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 399.01+0.1%Dec 19 4:00 PM EST

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To: loantech who wrote (9276)10/24/2007 11:59:24 AM
From: jimsioi  Read Replies (1) of 29622
 
Now Slan, we were all feeling so bullish...

Talk of 850 by years end, $1000 in 2008 and $8000 beyond for the price of GOLD....sugar plums were dancing in our heads, imagining what that would translate into juniors' percentage increase...AND here you come with talk of $600.....!!! My my, that frankly seems about as far fetched at $8000 to me, but then alternative opinions should be respected...

One thing about the GOLD BULLS, they never tell you where to put your stop...

It is curious that with the financials in so much trouble that gold can't move higher....Makes it a little diffiuclt to believe that gold will rally to all time highs while the Wall STreet house of cards implodes....Bonds are proving to be the best bet against financial uncertainty...and that is quite the opposite to the perma-bulls case....Things will presumbably change at some point....though seemingly not today...OIL fails after its early rally and resource stocks tumble big time.
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