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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (3995)	4/14/2009 10:06:11 AM
From: Rarebird	Respond to of 26251

All I know is that the POG is likely headed lower to my minimum target of $679 before the next wave up and I intend to remain short for the duration of the ride down. Whether or not the May low turns out to be an intermediate term low remains to be seen. I'll have to examine the wave structure if/when that time comes. PS I am aware of all the fundamentalist arguments on behalf of the POG. But I do not view it in the same feverish way that most gold bugs do. These arguments are well known and already priced in. It's been a very crowded trade in that regard and is in the process of gradually unwinding.