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

To: ogi who wrote (168916)	7/9/2009 2:23:53 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 312258

I wish we were sub-900 already so we could get this over with but markets tend to do their thing in their own way and their own time with total disregard for my wishes <g>. I am still thinking 850-875 and that will be the launch point. I know of several technicians that are using that roadmap, one of them has been calling the gold market quite well since 2002, so we will see. I also have a friend that is an investment advisor that is praying for sub-850 POG as she has a bunch of clients that are waiting to buy physical. That said, it may be that there are too many expecting to see POG trade to that level so maybe we don't get quite that far. We could see buyers coming in at 880 thinking that is far enough and if that happens, then maybe we never get to the mid-800's. We will just have to see how it goes, but like heinz, my focus tends to be on the big picture. Gotta be in it to win it!