Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (50441)	5/2/2006 10:14:25 PM
From: Earlie	Read Replies (1) \| Respond to of 116555

Hi Cactus: I won an expensive dinner from several of my market friends in December as a result of my predicting that we would see "$500 gold before year end"... (back in February of 2005). Glad I won as I don't drink and all of those rascals do! (g) I think gold has a long way to go yet, but this recent burst of enthusiasm has the chart boys nervous and I agree with them that we will likely see a decent correction in the near term. I also worry that if the market takes a hard hit (and I think it does soon), the gold stocks will be hit along with everything else, due to the high margin levels in the markets. At the moment, I have slimmed down my gold positions (and heavily extended my put positions in other sectors) but will jump right back in on the back of either of the above-noted expected events. In general, I think the gold sector provides a relatively low risk environment for those who prefer the long side of the current Alice-in-Wonderland market. Best, Earlie