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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: jitka who wrote (82093)	10/16/2008 5:39:33 PM
From: Real Man	Read Replies (2) \| Respond to of 94695

Everything crashed including gold stocks, unfortunately. I'm hoping we are about done crashing. Look up what XAU and gold did in 87. Pretty soon all that liquidity will start working, and XAU will xplode higher. It is currently trading like gold = 300 Here is what the Fed is doing Message 25075776

To: jitka who wrote (82093)	10/16/2008 9:05:43 PM
From: rubbersoul	Read Replies (1) \| Respond to of 94695

Jitka, Here is a remark from Jack Chan regarding gold stocks: "The gold sector has not found any support yet. In fact, strength in the major indexes could add more pressure to the metals, and gold stocks will have to diverge from the metals which clearly has not been the case." <FWIW> IMO, oil and gold will go hand in hand ST. I think the markets would react badly to $50-60 oil since that would indicate strong deflationary pressures. We sure as heck don't need $140 oil but we need oil prices now to stabilize or else people will become even more bearish about the economy. OPEC is currently working on this. With the stock market successfully retesting Friday's lows with a V rally today, perhaps that is why oil is up tonight. IBM and Google released some good results to tell the world that all is not doom and gloom. Gold and gold stocks will perform better in a prosperous world driven by government printing presses. Today was one scary day. My main fear is the magnitude of hedge fund deleveraging still to come. RS