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

To: akgoldbug$20K who wrote (31019)	9/1/2011 4:28:46 PM
From: ItsAllCyclical	Respond to of 48092

The setup almost feels too easy (jobs # bad, gold up, markets down). Markets have rebounded well of the recent lows. People expect jobs to be bad so I think some of it is already baked in ST. I'd expect them to spike the markets at least once more prior to Sept FED meeting. However do we go lower first not sure. Not going to bet heavy before "fake" news tomorrow. Agree that move down thus far doesn't appear impulsive, going thru a 'D' and 'E' seems likely before they top. Your previous target 1250-1260 range seems doable once before Sept FED meeting (26th I think). Should set up some divergences and squeeze the shorts one last time. With oil and the markets at present levels QE3 from a USA standpoint seems like a non-starter. Will the EU do the dirty work for the USA prior to Sept FED meeting? At this point most Germans saying no. They'll use talk alone to keep the markets elevated for as long as possible without the actual QE imho. They got oil close to 75 once recently. I think that's a decent benchmark for when QE3 could begin.