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 : The Swamp
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ItsAllCyclical who wrote (259)8/5/2008 10:12:38 PM
From: SwampDogg  Read Replies (1) of 491
 
I would agree that $750-$800 is the most likely TA target for gold but the stocks may set a low before then. A trading range may develop as you say and gold may work lower while the stocks just move sideways for a while (ie a nice low in the stocks in the next few days, a great rally, and then another low in Nov). We have seen this pattern before.
Some juniors did very well today and will still do fine in this environment. One particular silver company continues to not want to sell off here which is interesting.
Oil and gold may still scream out of here in the next few days. Financials look ready to dump again so we will see what effect that has if it happens.
All in all this will create a much stronger bull market in PMs in the not too distant future. IMO this now looks like the 'C' of a correction in PMs that goes back to the Spring of 2006. This ties in with the bear market in juniors and Wave 3 has not even started yet. We should hear more and more about the death of gold in the coming days.

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