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Strategies & Market Trends : Ride the Tiger with CD

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To: Boolish who wrote (161303)5/28/2009 9:26:05 PM
From: SwampDogg2 Recommendations  Read Replies (2) of 313071
 
<Who wants to be a millionaire..>

Get rid of the "m" and add a "b"
Let's get serious

Low relative volume on the GLD today vs the 03/23 high
A $30-$50 pullback in gold over the next few weeks would be normal. Would not expect too much of a reaction to the downside on the PM stocks as the big money is in accumulation mode. Juniors are already in a wave 3 amd will do their own thing. Things setting up for goofy times in the gold sector.
OTOH if $965 is taken out all bets are off
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