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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (258197)7/2/2010 2:11:45 PM
From: KayakerRead Replies (1) | Respond to of 306849
 
<< All we need is gold to break out... >>

I'm bullish longer term on gold but shorter term (5 months), if the overall markets are going down hard (I think so), I don't see why gold won't go down with them (though not as much). Everything gets sold on the panic ride over the cliff. Similar to 2008. Seems too early to me for inflation/deflation/sovereign debts to offset that. I'll be looking for buys on gold stocks when the markets capitulate (October?). Maybe I'll miss the train........ but it won't run me over.....



To: Smiling Bob who wrote (258197)7/2/2010 2:12:56 PM
From: THRespond to of 306849
 
SB,

Yes, we are very much on the same page.

I'll still wait for Tuesday to get short with TBT. If we have a market sell-off on the open, we might get a better entry, regardless of what the clownbuck is doing.

I have no concern with gold. I actually think these steep wackings are very constructive. And they don't fool anyone really (except idiots on CNBS).

GT
TH


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