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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.29-0.5%Jan 16 4:00 PM EST
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To: TobagoJack who wrote (46925)2/27/2009 9:26:32 AM
From: Haim R. Branisteanu  Read Replies (3) of 219539
 
TJ few day ago when you started posting your C-X post I asked you about EW - now it is clear that the $1000 mark for gold was not fundamental but pure EW event.

This does not reneged my assertion that GOLD is still cheap on a relative basis to historic price action (which should price gold well over $1,600 to $1,800) but no one can argue with the markets – therefore as mentioned before;

1. I would prefer PT
2. There are other commodities worth accumulating instead of gold
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