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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST

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To: westpacific who wrote (57404)11/3/2009 2:21:15 PM
From: carranza21 Recommendation  Read Replies (1) of 218050
 
I think, FWIW, that the tipping point is gold at 1100.

Why?

It is the inflation adjusted 50% mark for the previous $850 high.

Why is it important?

I dunno.

Purely intuitive.

Once we get to 1100 for the POG, I think the surge in price will be phenomenal. I figure at least 2000 in the next 6-12 months.

Gold seems to have decoupled, if perhaps temporarily, from the US stock indices, another huge point, since the coupling made no sense to me at all in the first place.
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