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To: Box-By-The-Riviera™ who wrote (397492)11/23/2009 11:58:33 AM
From: Real Man  Read Replies (1) | Respond to of 436258
 
Gold is very overbought short term and could dip sharply into
mid-December, starting around that contract rollover date
(this Wednesday), but that's all I'm personally expecting. My
technical target intermediate term is $1387 for February 2010,
fundamental $3-4K (based on the work of Fed machines). So
far technicals and fundamentals are aligned. Selling, dipping,
repositioning in gold during such a strong run will most likely
shake you off the train, although I have done some repositioning.

We'll have some gold up/down extreme madness this week, that's
all. Have your stomach ready <g>