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


To: orkrious who wrote (17770)2/25/2009 10:18:37 AM
From: TH  Respond to of 29622
 
ork,

I am inclined to agree, but I won't be able to confirm until 4:01 today <g>

There is a very clear trend that when Ben speaks (or Treasuries come to the block) that POG is pressured. I like this connection, for at some point the mass of idiots will notice it. And maybe they will understand.

I've thought about adding, but I'm going to hold off just a bit.

I'm a bit surprised the market is not giving any love to the Obama. Nice speech, but a good many lofty objectives and the math just doesn't work (unless it that new math that Timmy and Ben believe in).

GT
TH



To: orkrious who wrote (17770)2/25/2009 10:39:36 AM
From: ItsAllCyclical  Read Replies (2) | Respond to of 29622
 
Yes it is too premature. I bought yesterday, but I'm taking profits on what I bought. At the least I think we'll retest the lows from yesterday, but I'm guessing something a bit lower is coming. Probably not dramatically lower, but who knows. Doing a combo of holding some core issues and trading around the core here. Don't want to be completely out, but nor am I going to ride everything back down. 920 POG seems like a high probability. Lower numbers are still possible. I'll likely be buying around 920 again, but we'll see when we get there. Agree outside possibility that yesterday was it for the pullback, but I think it's a lower probability. For yesterday to be it we need gold up another $10+ from here on a closing basis in the next 1-2 days otherwise 920-930 seems like a lock.