The Swamp Message Board - Msg: 24803421

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Strategies & Market Trends : The Swamp

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To: SwampDogg who wrote (226)	7/29/2008 10:49:59 PM
From: Zincman	Read Replies (1) of 491

Yes, I saw Cramers call for short golds etc... Have not read Gartman this week.. H/S pattern in gold looking like low 800's might come into play if the FED gets their way... (I can already feel the collective "No frickin way" commentary brewing..) Well, low 800's is very, very doable. Not saying its going to happen, but I do suspect an over sell in the POG here... and low 800's is technically in the cards. See, what most people don't understand about the US situation is that debt is actually a good thing for the money changers..i.e Fed.. The more debt, the more money.... So, contrary to the gold bugs that have been calling for a total demise of the US dollar, it keeps on keeping on... until it changes. ZM

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