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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (38035)3/12/2006 8:24:12 PM
From: SwampDogg  Read Replies (1) | Respond to of 60906
 
Interesting that some of these guys haven't seemed to notice that we have already has a correction. Take a look at RGLD or ASA. This may be done.
Some of the juniors have pulled back and look great right here.
The idea of $450 is pretty out there IMO
Fibs are at $512 and $493. That is the worst case IMO and I doubt we see them. This looks like a minor correction in the metal. Larger degree may come from much higher prices.

There is also no way that sentiment is bullish here
I see a lot of caution...too much



To: gold$10k who wrote (38035)3/12/2006 9:13:24 PM
From: TheSlowLane  Respond to of 60906
 
vt - please be sure to keep us posted on your thinking, particularly when you perceive turns to be imminent/in progress. While there will no doubt be parallels to earlier periods in the market, there are some different factors in play now (8,000 hedge funds, program trading, derivatives time bomb, higher percentage of the public involved in the market, the Internet, Silicon Investor). I thought that McAvity was a bit of a downer...until Ian Gordon spoke. That guy was off the charts.

Paul