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Strategies & Market Trends : Ride the Tiger with CD

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To: Condor who wrote (131469)9/24/2008 12:31:38 AM
From: rubbersoul  Read Replies (1) of 312268
 
<I am shocked and befuddled at the lethargy being demonstrated.>

Do you call a $140 move in 2 days lethargic? I would think that it needs to rest and will make the next move once the bailout plan is passed.

Most gold bugs are probably out of money with their portfolios cut in half by the correction. Funds are strapped for money too and the high level of redemptions don't help the cause. Other investors are probably shell shocked, not just gold bugs so people are running from the markets. It will take a bit of time but I believe the move to gold is happening. Just take a look at GG. Tremendous volume. Also, I haven't seen some juniors move like they have during the last few days in a while.

That being said, yeah, I'm still nervous.<G>
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