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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: cloud break who wrote (13154)4/12/2008 6:45:06 PM
From: jimsioi  Respond to of 29622
 
Danny, thanks for the link - next week...

I will review the material you reference with the idea of keeping an eye out for an opportunity to add MFN to my flock.

Looking at the charts and listening to bearish commentary on Financialsense dot com, including that related to metals, I have a scary feeling about next week... Another leg down in the offing right across the board...Only unusual dollar weakness post a G7 meeting will save metals and miners.

I have this feeling that bullish sentiment is about to get a good flushing out in preparation for major rallies based on an expanding monetary base and associated inflationary pressures.. Hopefully we get a quiet opening for some liquidation....Cash to be King for a period ahead...then GOLD.

Hate being so negative...I understand it is not becoming. We briefly saw $1000 Gold - it was a selling opportunity for most natural resource stocks with the exception of energies which have carried on but will now come off with everything else, I suspect.

The resilient 65 week moving average for GOLD stands at $757
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