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

To: gold$10k who wrote (13419)	4/24/2008 9:13:45 PM
From: orkrious	Read Replies (1) \| Respond to of 29622

I think it's instructive to look at the RSI on the LT HUI chart. Historically in the worst corrections we've bottomed a little lower than here. Of course, history may not repeat and today could have been the low. Regardless, there probably isn't a lot of downside left.

To: gold$10k who wrote (13419)	4/25/2008 9:34:52 AM
From: jrhana	Read Replies (3) \| Respond to of 29622

I'm not complaining. I'm just skeptical. The gold market has been going down without me. If it does a sharp V reversal here, it will be going up without me. I would like to see it stay down for awhile so I could re-enter again. I know what it's like to be fully invested at the top and I hope to never be there again <I'll explain it three ways: 1. anticipating vs. reacting 2. leading vs. following 3. listening to cheerleaders vs. listening to scouts In the next day or so, I'll expand on number three, because it's the single greatest destroyer of profits among gold bugs known to mankind... more dangerous than gold dumping, market manipulating central bankers ever dreamed of being.> Message 24528865 There is one hell of a lot of constant cheerleading on the gold threads even at the tops. Message 24410657 Message 24410509 Message 24413684 Message 24413965 Message 24413972 Message 24459711 Anybody could feel free to use me as a contrary indicator. I may be a good one, but I am far from the only one. Actually I haven't a clue. I just get sick of people always parroting the same bullish pablum. I get sick of guys that were super bullish at the top giving red rocket lectures on how to trade. Imagine. I am sick of the Sinclairs of the world. Who cares if they are giving bullish predictions now because they are always bullish. (I also note people who were bearish at $250 who are still bearish) I am sick of people getting on jims case here when he is the guy who without a doubt makes the most money on this thread. He makes money in up and down markets and over time that will beat anybody. Why does jims make money? Because he always hedges his bets, and he never goes all in. The opposite is red rocket who just takes quick profits wherever he can. Neither of these guys have any emotional ties to anyone particular. They just play it like they see it. Most everyone else seems to have a great emotional tie to gold. What good is that if you are losing money? Is the gold bull over. Who knows? I Imagine that we will see much higher prices in the future but nobody really knows. I remember thread gurus in times past used to say that in the final stages of the gold bull, the bullion would out perform the miners. Well isn't that exactly just what is happening? Not making a prediction because I haven't a clue. But at least I will admit it. Edit: IMO the object should not be to win a popularity contest but rather to make money.