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


To: Crusader who wrote (41622)9/15/2005 3:23:27 PM
From: LLCF  Respond to of 110194
 
I don't see where this move in gold is anything to think it's even slightly "overbought". I see no reason POG wouldn't finally run away here based on it's action alone. OTOH, if one thinks POG is strong and bumping the old highs because it's getting dragged along by oil, etc... then there's certainly plenty to worry about. If and when there is real money attracted to gold I wouldn't think of selling anything into this kind of action. JMO, and of course when gold attracts real money may not be untill the 20% in one escrow period game drys up. :)))

DAK