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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 (46216)11/29/2005 9:27:34 AM
From: Crimson Ghost  Respond to of 110194
 
POG pulling back now.

It took several tries for POG to decisively penetrate $400.

I don't think $500 will be any different.



To: ild who wrote (46216)11/29/2005 10:09:51 AM
From: Rarebird  Read Replies (1) | Respond to of 110194
 
Once the US $500 POG level is decisively broken to the upside, there is a date with the 1980 all time high.

The POG is now in the 7th inning of this rally. It will likey get extremely explosive once the $529 level gets taken out and the general public begins to widely participate.

I see new all time highs in the upper 900's, possibly an intraday touching of $1000+.

The POG usually busts out above major resistance levels when most GoldBugs not only least expect it but when many are convinced that the POG can not do it after a distressful decline.

Message 21923798