Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: fred woodall who wrote (88614)	7/7/2009 3:58:43 PM
From: Real Man	Read Replies (2) of 94695

I think this is a common belief now, but I am not so sure. Prior to last year's dump folks were sure gold will go up as it did in 2001-2003. Initially gold stocks really crashed in 2000, but then they made the bottom in the Fall and never looked back. Quite possibly, the same dynamics will apply during this recession. Now that folks are sure gold will be dumped, it will soar, as it did many times in the past during market crashes. Wild metal <G> I think gold is in a bull market, has an inverted H&S pattern and will soar to 1200, then 1300-1400 come August/September. This is the last month to accumulate. To the downside 880 should hold if it drops that low.

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