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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (61756)10/19/2008 3:51:05 AM
From: maceng2  Read Replies (1) | Respond to of 78410
 
The gold "bot-oh-meter".

Message 25084143

OTOH I've heard some alarming stories that gold might moon rocket in the next few weeks.

You can only put so much faith in technical indicators and wild rumours though.



To: LLCF who wrote (61756)10/19/2008 11:37:06 AM
From: loantech  Read Replies (1) | Respond to of 78410
 
Not so fast DAK! <G> Not sure but a lot of funds and holders may have already sold in fact selling may be done we are at complete historic ratios of XAU divided by gold and by a wide margin. At some point we reach capitulation.

So question is there a chance tax selling has been negated?



To: LLCF who wrote (61756)10/21/2008 12:19:41 PM
From: maceng2  Read Replies (1) | Respond to of 78410
 
I'm putting out some stink bids today, and cutting them to the stinky side by a good margin.

No mad rush these days, if there ever was.