SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carranza2 who wrote (100013)6/26/2013 2:50:09 AM
From: Maurice Winn1 Recommendation

Recommended By
Snowshoe

  Read Replies (1) of 217580
 
Looks as though Mq was right about the dead cat bounce C2. <30 JUNE 2013 $1,317 > It was definitely a dead cat. I had thought $1,280 originally but upped it a bit to $1,317 as such a large slide so soon seemed unlikely, but the skids are on and $1,250 is on the board, below even the $1,280. There could be a little lift, but gold does look done and now Big Ben is going to start the unwind in a glorious victory over the Gold Bug doomsters to celebrate his handover to the incoming Federal Reserve Chief.

The Doomsters should be delighted because they still have their gold safety net, but have not been called on to survive on it, which is a very good thing, because the global collapse and hyperinflationary destruction of the world's financial system is not now. Surviving that would not be fun, even with a big pile of gold, which might or might not be usable. So it's the best outcome for Gold Bugs - they still have their gold and did not get the financial disaster they expected. Wheeee!!!! One ounce of gold is still worth exactly one ounce of gold. To Hell with Goedel and that self-referential stuff.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News