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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (6827)1/8/2009 8:56:37 AM
From: PaperPerson  Read Replies (1) | Respond to of 23103
 
in their update last night, the aden sisters mentioned that gold was the second best investment in 2008, after bonds.

they are looking for a little short-term consolidation in gold and gold shares, saying the shares are overbought and that gold's A rise is getting long in the tooth, and it is time for a B decline, which tends to be moderate.

that would set up gold for a C rise sometime soon (feb-april?) the C part of the ziz zag is the strongest part. that's what we saw last spring when gold broke through 1,000 for the first time.