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

To: Square_Dealings who wrote (49760)	1/14/2006 3:51:10 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

Well I don't know how you define "a break out", but this chart is illustrative. stockcharts.com[w,a]daclniay[pd20,2!b200][vc60][iUc20!Lf]&pref=G I bought a a large position below a buck, and as low as 85 cents. I sold most at about 1.80 (scaled out of some earlier) during the main parabolic. I just don't consider the phase we are in now one I wish to partake in, because yes indeed it has that Humpty Dumpty look to it. Speculative frothy phases almost always look like this, and I avoid them, but why confuse that with "missing the move", .90 to 1.80 is one I'll take any day? Fuzzy thinking in my book, but LOL.

To: Square_Dealings who wrote (49760)	1/14/2006 5:14:49 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 110194

There has been a fundamental change in the gold market IMHO and the technical analysis that worked during the long bear will no longer work IMHO. I view the gold breakout above $500 as similar to the 1982 Dow breakout above 1000 which started a 20 year bull market in financial assets. Sure there will be corrections, but this uptrend will carry much further than most think over the next few years. I am fascinated by the widespread belief that stocks can climb for years with the majority quite optimistic but gold is ordained to plunge soon after people shake off their pessimism.