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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (78936)	1/22/2008 11:28:05 PM
From: Real Man	Respond to of 94695

I had some physical before that, but most of it was still in ETFs, because of frequent PPT raids on gold, and very pronounced seasonals (early gold bull - no investors, just jewelry!). Right now gold is approaching a peak, August is the bottom. Now I just don't care - it's hard to trade gold anyway, and COT risk is pretty useless. It could drop sharply on recession fears as well, but in my view as the Fed drops the rates, the PM drop, if any, will likely be limited - comparatively speaking. Gold is known to shed $100 in 3 days, or do the reverse in about the same time. It's not so hard to miss the rally or sell in panic -g- Treasuries just don't pay enough and severely underperform inflation.