The Swamp Message Board - Msg: 24826418

STOCKTALK

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Strategies & Market Trends : The Swamp

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To: SwampDogg who wrote (300)	8/6/2008 6:28:26 PM
From: ItsAllCyclical	Read Replies (1) of 491

>> Sentiment out there stinks right now << Agree on most points except above. The same people who rode this down have not capitulated. Gold threads still only rec bullish posts. There is little acceptance of much lower gold numbers. Slider said that his recent posts received more nasty PMs than he's had in a while. Joe average trader who played the CRB on the way up is nowhere close to capitulation. Gold/CRB still too linked imho. Sentiment is getting there, but considering how much blood has been spilt already I'd say sentiment is still way, way too rosy. Again ST even a minor rally in oil would probably cause a $20-30 rise in POG. But I'm still of the opinion that odds favor a bigger washout in POG. I'd be amazed if 850 held and that's the first line in the sand.

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