The Swamp Message Board - Msg: 24827097

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Strategies & Market Trends : The Swamp

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From: ItsAllCyclical	8/7/2008 12:17:31 AM
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Gold - One scenario that seems very likely would be another top similar to 2006 w/another year spent trading in range between 750 and 920 ish. Doesn't seem to be discussed much as possible. Most seem to be expecting new highs on gold within 6 months or less regardless of where this low goes. I don't think the masses will be right. Again watching this correction unfold day by day. Not married to any outcome yet. The one thing I'm most convinced of is that we need more smashing in gold. Until we see how gold stocks react it's way too early to catch knives.

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