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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (95163)3/10/2009 3:41:09 PM
From: Proud Deplorable  Respond to of 116555
 
"set up" is right but in gold "set up" has a different meaning. This is a garden variety orchestrated short attack on gold at the 900.00 level. I've been watching it all day as others have I'm sure. I'm convinced that this is not a sentiment move in gold and gold shares but a government sponsored manipulation, attempt to keep it under 900 at the close even though it definitely wants to move higher.

This is war so shoot me for believing in gold. I'm past the point of worrying if this is a turnaround in the markets and whether or not I can make some coin in the financials, I don't care, I want BLOOD and that blood is the USD



To: westpacific who wrote (95163)3/10/2009 9:30:01 PM
From: Fiscally Conservative  Respond to of 116555
 
Got to disagree with ya here. The SOXX had its largest percentage advance and that includes the November '08 bounce.
This appears to be a broad market advance. If they are trying to suck a few more players in they are doing a good job. My guess is this time,its for real. How long? Hard to say but my guess is this advance will have legs.


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