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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: GST who wrote (25822)	9/5/2011 11:34:13 AM
From: ecrire	Read Replies (2) of 29622

No question about Strength in Gold, up another $14 in Europe, reacting to stock market weakness. Along with Gold, Bonds and the Dollar are also rising, so going short those two is dangerous and costly advice. Personally I suspect that Chinese gold buying speculation is being overhyped. Central banks, on balance, have been buyers, but not currently. The late comers are jumping into Gold and will probably be blown out just as the latecomers to the tech bubble in 2000 were blown out. Maybe this gold rally can go further, driven by the momentum players, but time is not on their side. We'll see whether mining stocks can resist the downward pull of the crashing stocks. I doubt it. As for the future, have no idea but all these wild number forecasts do not inspire confidence,

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