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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 462.34

-1.0%

Feb 10 4:00 PM EST

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To: NOW who wrote (14522)	8/11/2008 1:13:08 PM
From: ItsAllCyclical	Read Replies (1) of 29622

(edit) Too much denial for this to THE LOW. It's possible this is the price low and it'll simply be retested. I don't favor that yet, but I'd give it 20%+ odds (not on gold, just the gold stocks). There's enough damage for a very good bounce, but a lot of smart people thought the same thing at HUI 385, 360, 340, and 330. Within the next month large caps are likely to trade above these levels or at these levels again, but at what pt do you want to enter w/gold still falling like this? At the least I'm going to see how today plays out. Too many bottom callers right now.

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