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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (207907)	12/29/2011 9:50:00 AM
From: Veteran98	1 Recommendation Read Replies (3) of 312994

Ok .... so the high for spot this year was 1900.03 ... We are right on the cusp of a 20 % correction so what do we call this ?? The bull is dead as Fartman is calling ?? A bear within a secular bull ??? I thought 50 dma's and 200 dma's were important and now that they are only blips well above where POG is at now everyone is trotting out 300 dma's and 65 wma's . So now that we are right at the 300 dma does everyone start touting the 400 dma and then the 500 dma ???? I know 1900 was unsustainable and a correction was in order but with all the turmoil in the world POG dropping through all support levels like a knife through butter doesn't make sense either. Do we need to have a new primary venue where bullion gets traded where buyers have confidence ?? Has this MF'ing Global fiasco created such uncertainty that buyers are boycotting the comex and until this balances out the bankers are going to have their way by whacking the price lower at their whim ??? Just trying to make some sense of what is not making sense anymore.... I always value your comments and your take is appreciated ....

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