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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (10275)10/12/2008 1:49:26 PM
From: Stoctrash  Read Replies (1) | Respond to of 33421
 
Rare,
What's your read on Gold and gold shares?
I stepped aside 2 weeks ago cuz it just wasn't acting right, but what now do you see the next 1-6 months?

My read is that the next few weeks could be the final washout/shakeout before much higher prices in 2009...say 1500-1800?

It could be a nasty decline too....scaring everyone and their mother out.



To: Rarebird who wrote (10275)10/13/2008 11:28:18 PM
From: John Pitera  Read Replies (3) | Respond to of 33421
 
Firebird, I think we may have caught a Q3-Q4 quarter bottom here...... the power of new credit and new fiat papper in a soggy world is indeed profound!.

John