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


To: jimsioi who wrote (15074)9/20/2008 9:20:19 PM
From: ItsAllCyclical  Respond to of 29622
 
Watched Cramer on Friday. Probably the first time ever I watched a full show. Was curious his reaction to events. Found myself agreeing more than disagreeing w/his comments. As for gold he was saying you need to own some, but he still think he'll get AUY at 6-7 again. Two things I take away from this - one is that he's probably wrong. I don't expect PMs do to a full retest. There's absolutely no reason barring new lows in gold which given the current events seems unlikely at this pt. 2nd is that at some pt the gov. will make another attempt to shake gold lower to show all is well. Say what you will, but Cramer is probably fairly connected w/in the industry.

Notice already the change in margin requirements.

I've had a nice run the past few months, but I've also had more than my share of blown calls, but ty for the compliments. A virtual hi-five right back at ya.