SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.57-0.2%Dec 18 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (33746)4/24/2008 7:19:00 AM
From: Maurice Winn  Read Replies (1) of 218598
 
TJ, what a load of malarkey: <i have always reminded myself by open thought here, many times, that "i do not know", "i am not sure", "i am afraid", and that "i buy gold because i do not know what will happen" > Then, out of the other side of your mouth you describe how events are inevitable, predictable and should not be surprising.

Meanwhile, gold has formed the right shoulder and is ready for a tumble to $800 whereupon a dead cat bounce will seduce a few more, only to see the big slide down into the valley towards the actual cost of production of another ton of gold, of which there is a LOT.

I admit I am not a technical analyst but I have attended guild meetings in the centre of London, admittedly going back 20 years so the strategies and graphs might be newer now. All I remember was "head and shoulders" which was the nickname I gave the club.

But gold does look like a head and shoulders to me and the financial panic is getting somewhat tedious with how slowly it's going. It has been well over two years of housing crunching and over half a year of more serious financial woes.

Recommendation - sell gold, buy hills to head for.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News