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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (30411)8/9/2011 1:17:49 AM
From: benwood  Read Replies (1) | Respond to of 48092
 
I think gold will correct soon, silver more so, miners recover soonest (perhaps their correction is almost over). But gold is entering a new worldwide paradigm, and so while it would be good to sidestep any correction, it won't last indefinitely and I doubt it would go lower than 1500. Too much uncharted water for synchronized fiat kaput.

Timing though is anybody's guess. Could be the market has a bear market rally starting tomorrow, or perhaps 3000 points from now. I don't think this is '08 though.