Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (91799)	12/4/2009 3:12:56 PM
From: Real Man	1 Recommendation Read Replies (1) of 94695

That's what I think anyhow. The crash could even be finished today, but I suspect it has some more room to go. I'm just buying into it, because it is much more difficult to determine downside target in a bull than it is to take advantage of the initial dump. 1100 is my ballpark area, but gold could also test the breakout area of between 1K and 1050. If this is a crash-correction, which is how all gold corrections look, then the first dump should be the deepest. If not, then, oh well. I am wrong. My reasons are fundamental. My upside target for March is between 1300 and 1500. I am also starting to have doubts about the annual March top in gold. There is a lot of evidence too many smart money folks are entering the small gold market (at the same time CNBC calls it a bubble), so it could get very bubbly instead next year and go to 2K by Summer, and that will only be the beginning of what will eventually materialize as an extraordinary wave 3 bull market run. Things are kinda lining up for that kind of action -g-

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