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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (21691)11/12/2004 12:34:57 PM
From: ild  Read Replies (3) | Respond to of 110194
 
Date: Fri Nov 12 2004 12:12
trotsky (@PoG) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
well, it's time for Prechter and Hochberg to shift them goalposts again.
first they said they'd be bullish if gold exceeded $402 on a closing basis. when that happened, they said, 'no, it must exceed 420 ( or so ) '. when it went past 420, they said they had now worked out that to be in a bull market, gold would have to cross 436.
my guess is that when they finally stop inventing higher targets that are needed for 'proof' and finally turn bullish, it will be time to sell.