Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeeter Bug who wrote (91502)	11/23/2009 8:42:02 AM
From: Terry Whitman	1 Recommendation Read Replies (4) of 94695

Gold bubble is being inflated by the dollar carry trade- short the dollar, and long gold. Everybody is doing it, so it must be good. -g- The trouble is, as always, the exit door will be stampeded when it turns, so my gold longs are booked, thank you. May miss some profits, but I can live with that. I'd keep a focused eye on the dollar charts if I were long gold. It is testing a double bottom at 75 in the current picture.. >also, the gold stocks aren't trading very well at all< Not sure it is bullish when the stocks are lagging the underlying, BWDIK.. Another $15 jump by the yeller dog this morning. Man, the gold bugs gotta be estatic. The parabola continues to build..

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