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


To: Harmens who wrote (42567)4/14/2013 8:12:52 PM
From: SwampDogg4 Recommendations  Read Replies (1) | Respond to of 48092
 
Quite clear reading various TA pundits this weekend that there seems to be no knowledge at all of what a shake out looks like.
You need a few days to confirm a break down or break out of any kind. This is basic stuff.

If gold closes next week back in the range I am going to laugh my head off. This is the end of a correction people.
Totally agree with Fields here. Thought that we would see this false break over the past few months and then we didn't see it. Now we have.

Guys like Maund go on about how it is still a bull but the break last week was a sign that this was not a correction but a top and we could see $1k. Poppycock and unhelpful.

Same kind of action happened in the tech market in 97-98. We are there in gold now.