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


To: Keith Feral who wrote (91193)2/3/2008 6:06:34 PM
From: Robin Plunder  Read Replies (1) | Respond to of 110194
 
gold is overbought and could easily decline from here, however, we just had a triangle at 840-850 and should be support there, which is not too far away.

The problem with getting out of gold is that when it starts to run again, you often dont have the chutzpah to get back in, always thinking, oh gosh its overbought again now and i have to wait until it sells off again...this is how Frank Barbera missed the move from 650, and is still hoping for a big decline so he can get back in.

Robin

anyhow, I took delivery of 95% of my gold shares, so I could not sell them quickly anyway, so no reason to worry about the quick trade...:)....jeez, I really dont trust those bankers anymore...:)