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Strategies & Market Trends : Ride the Tiger with CD

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To: rubbersoul who wrote (131538)	9/24/2008 8:43:25 AM
From: Condor	Read Replies (3) of 312268

Hi John, Do you call a $140 move in 2 days lethargic? In what was an imminent catastrophic global financial meltdown, yes I certainly do. 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. Wednesday Thurs. and Fri of last week, panic reigned supreme globally. Above, you are talking investor support and I am talking survival panic. Gold didn't execute at all IMO and I'm questioning why? The ongoing dialogue here that gold will eventually get going and that investors will move back in is a entirely different discussion IMO. I was talking economic panic and you are talking investment. Worlds apart. As an investment...sure...I'll buy that but when put to the test as a rescue vehicle for ultimate safety, it didn't perform. It appears that gold didn't reach out to much beyond its normal investor base. That floored me. Having said all of this, I can see the hackles rising on the permabulls and expect to get some major flack from different quarters but I'm still shocked that gold, when put to the test, did not perform anywhere near what I would have expected. I am still 80 % cash (about 2 months now) and hold oil and gold in the balance and awaiting opportunities. I thought those opportunities were going to come screaming out of the gate at me late last week but I was very disappointed and have pulled back into my hole and await a "safe and clear" moment to strike. Lets see where this goes . Cheers C

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