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Strategies & Market Trends : Ride the Tiger with CD

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To: Boolish who wrote (202867)	8/24/2011 12:56:33 PM
From: Nevada9999	3 Recommendations Read Replies (1) of 312971

The Jan 1980 charts are being shown every couple minutes on CNBC today. Gartman said gold has been one of the great bubbles of our day and then said he could see gold dropping all the way to 1650 over the next month and a half. A low at 1650 would not only be a continuation of the gold bull but would steepen the uptrend. My biggest concern lately was that I didn't want to see 2000 gold during the Indian buying season. This correction will whet buyers appetites in India in September and is very positive for demand. If gold builds a base at 1650 it should be very bullish for the producers. I'm still looking for the right entry on GDX calls.

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