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

To: Rarebird who wrote (4992)11/24/2009 3:54:24 PM
From: Claude Cormier  Respond to of 26251
 
I also read some extreme in sentiment. But this is of intermediate term. The current rally is no bubble. Attendencies in gold shows are very low. The press is just talking gold a little. I think $1045-$1070 is an appropriate target. Say a 8-10% correction.



To: Rarebird who wrote (4992)1/29/2010 12:21:11 PM
From: Rarebird  Read Replies (1) | Respond to of 26251
 
Bull markets are born out of utter despair. No one wants to believe it because the fundamentals are horrendous, but the USD is in the early stages of a bull market.

Sentiment for Gold had reached an outrageous extreme:

Message 26124840

Still, I see no gold bears. All I hear is that "it's just a long overdue correction that will result in new all time highs."

Long term, yes. Not intermediate term.

2010 and 2011 will be very bad years for the Miners.


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