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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: SwampDogg who wrote (149906)3/5/2009 4:43:45 PM
From: Boolish  Read Replies (2) | Respond to of 313137
 
"Gold also looks to maybe go lower here. Rally today was lame and $850 may be in the cards. "

Errrr really? How do your figure.



To: SwampDogg who wrote (149906)3/5/2009 5:22:17 PM
From: ogi  Respond to of 313137
 
Interesting comments S.D. I thought the failure of gold to be driven down below $900 unusual as I thought it had broken down through support. That is why today's rise caught me off guard, action seems different, although Boolish predicted it. Now I would like to see POG gain again tomorrow AND GET ON WITH THE BULL, I don't really need another correction to satisfy any formulas, 2008 already saw a massive retrace in the gold bull. Personally I can't predict the near future and have given up trying. I do accept that, depending on just how far out you go, it is safe to say there are huge bargains if you want to hold on til they have proven themselves.

Cheers,
Ogi



To: SwampDogg who wrote (149906)3/6/2009 3:21:33 AM
From: Canuck Dave  Read Replies (1) | Respond to of 313137
 
Wow, not the scenario I was hoping for, LOL.

But won't the bear market end when CNBC is all infomercial, all the time?

Wait, it already is.

I read your post a couple of times and then thought about all those trillions of freshly minted, debt-backed dollars.

Maybe S&P and gold rally together.

CD