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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: bullbud who wrote (8776)	3/27/2008 10:55:28 AM
From: RonMerks	Read Replies (1) \| Respond to of 50684

POG very strong under the circumstances? You would think it would be up $20 with a key oil pipeline being blown up in Iraq? Seriously, Slider made one of those simple common sense masterpiece statements- 'who are you going to sell to, 20-30% higher from here- and what will drive them to buy at those prices?' Was the pop off of HUI 420 and the little rebound in gold here- just short covering? What happens if Oil retraces to $75-$80 and the indexes have to dump gold to balance the gold/oil ratios? Just thinking out loud. I unloaded half my silver- some at $20 and some stopped out. I'm waiting for $15/$16 to buy back. I did buy some stocks for a trade. But what worries me now- is it appears the BOE and the ECB are not going to join Bernanke is rate cuts. And if Bernanke holds in April?- where does gold trade?- especially if Oil retraces. If Oil cant rally BIG off of this pipeline blow up news- maybe the top for oil is in? High Risk- Low Reward= why do anything? It looks like gold and silver may spend a few months building a base and stuck in a trading range. Maybe Cash and just sitting in core holdings is best for a while. Ron