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To: Sober who wrote (64271)9/15/2008 9:17:56 AM
From: Man on the moonRespond to of 118717
 
the little hammer comment was partially in jest, but it's just too easy to presume that , oh, i better buy gold - look whats happened already - everybody said it was going to 1500 and 2000 an ounce - people were scared - buying Euros - exiting the Dollar -buying gold, or electronic, in frenzy look what happened - i just dont think gold is the silver bullet, but that's just me, maybe indeed it was a massive shakeout - I just don't and never have trusted the markets - any of them.
If people were taking delivery of oil and gold, that would have made a differencte. Most markets are an eternal scam IMO