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To: Rarebird who wrote (4970)11/23/2009 10:24:31 AM
From: Real Man  Respond to of 26251
 
Gold is now very short term overbought, so it should have a
sharp pullback within a few days. However, I believe it's best
to buy the pullback, not to sell it. Gold is in a bull, and
it tends to extend it's bull legs during such times. I think
it has room to reach $1387 by the annual February/March time
frame. That, if it does not go into mania. Then it could easily
triple. IMHO.

Rollover settlement is 11/25/2009



To: Rarebird who wrote (4970)11/23/2009 12:32:44 PM
From: westpacific  Read Replies (1) | Respond to of 26251
 
Marketwatch; top 4 of 5 most read is gold; gold hype all over the place...

Market topping action all around including gold...

Today could be the blow off we needed.

Read Faber today; he is now predicting a war to come; must be reading my writings. Says they will fabricate one; the problem is this one will spiral out of control and destroy most of Europe, at least the entire Eastern Flank. It will involve nukes at the end of it...have made this call near 2 years ago and my starting date is November 2010. It will run into 2014 and by 2016 most of Europe will be empty! Will remain empty for decades...

Expect a pullback soon or maybe even more, nobody thinks crash is possible; I do.

West



To: Rarebird who wrote (4970)11/24/2009 3:24:56 AM
From: westpacific  Respond to of 26251
 
Japan close below key 9425, extreme bearish...

Seeing B Band constriction squeezes now on many weekly charts; will monitor this as they usually occur ahead of trend changes.

These still have a few more weeks to develop so perhaps more chop in this market ahead of the move.

Watch the Ten Year Yield close below 32.48 increases chance of big downside move starting...

Not a lot of time; just a few thoughts. You catch the great article on China over at Zerohedge; I agree with it. In cycles of deflation there will be bigtime protectionism and it will heat up big in 2010. Great read.

W



To: Rarebird who wrote (4970)11/24/2009 3:25:49 AM
From: westpacific  Respond to of 26251
 
Double post D