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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 70.47+0.5%Jan 29 4:00 PM EST

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To: Real Man who wrote (49114)12/9/2009 10:27:52 AM
From: Runomo™  Read Replies (3) of 208151
 
"Gold is supposed to go into manic blowoff phase of the bull,
which is getting folks predictably excited. My bet is that
it's chart in the next 5 years will look like Nasdaq in
1995-2000, or gold itself in 1975-1980. Of course, one needs
an exit strategy for that, but I don't think it's time
to worry about it yet. -g-"

I'm also open to any possibility but my thinking gold has been in a 9 year bull market (even though we are in a low inflation government fiat world) unlike the naz where its been in a bear market for the same number of years...i think it will take a world crisis event of huge dimensions or a change of our current monetary system to set in motion another 5 year gold run equal to the naz 1995-2000 move. last week gold put in a very ugly weekly reversal candle so i'd put a tight stop if i was playing in that sandbox,just my humble opinion.
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