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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 421.29

-0.5%

Jan 16 4:00 PM EST

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To: gold$10k who wrote (25684)	8/25/2011 8:58:51 AM
From: gold$10k	1 Recommendation Read Replies (2) of 29622

At 6am EST Peter Grandich writes... "With gold nearly touching $1,700 on the back of yet another margin hike, I fully suspect the lows of this latest correction is very near. In fact, we may have seen the low print just a few minutes ago at $1,702 (Although I would prefer as noted last night a test of the 50-Day M.A another $50 or so dollars lower). I’m going to raise my maximum model allotment back to 50% on gold. Since neither I or anyone else know for certain, nervous nellies may want to use half of their buying power now and half if we do test the 50-Day M.A. By then, Tokyo Rose and company should once again have caused enough people to sell and end up missing the “mother” of all gold bull markets yet again. *And when we hit $2,000+, remember this point in time as we’ve all the other tops and bubble points along the way."* *http://www.grandich.com/2011/08/special-alert-600am-est/*

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