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

To: Proud Deplorable who wrote (63813)2/27/2009 8:48:54 AM
From: polarisnh4 Recommendations  Read Replies (2) | Respond to of 78411
 
Botox4U2,

'So you suppose that the US Govt wants gold closing over 1,000.00?'

Maybe they should have thought about that before they began distributing trillions of dollars of IOU paper to their crony friends.

I expect a correction here as gold has gone non-stop from $675 to $1005 or so since October. I see gold pulling back towards its trendline which is currently around $875 and if the volume continues to behave itself it is only a matter of weeks or months before Gold goes to $1200 and eventually $1650 during this phase of the 9-year bull market. IMHO

By the way, CNBC is a bunch of weiners. There is absolutely no credibility within that network except for guys like Rick Santelli.

Cheers,

Steve



To: Proud Deplorable who wrote (63813)2/27/2009 11:34:20 AM
From: Claude Cormier5 Recommendations  Read Replies (3) | Respond to of 78411
 
Only two things are sure.

1) gold is in a long term bull market
2) gold will have correction from time to time.

Technical analysis is only a tool to determine where these occasional correction may happen. If you want to believe that the FORCE pushed gold prices down below $1000. That is fine with me. I prefer to believe that gold was simply overbought in the short term.


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