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


To: rubbersoul who wrote (43365)5/4/2013 12:20:21 AM
From: gold$10k1 Recommendation  Respond to of 48092
 
Whom shall I blame if I don't get the chance to buy more gold at $1200. <g>



To: rubbersoul who wrote (43365)5/4/2013 5:21:18 AM
From: Wade  Respond to of 48092
 
Charting interprets prices actions if you based on the assumption of having a free gold market.

Furthermore, when trust in official currency can change very rapidly as well. It is all perception.



To: rubbersoul who wrote (43365)5/4/2013 7:15:44 AM
From: orkrious13 Recommendations  Read Replies (1) | Respond to of 48092
 
Do you agree with Louise Yamada in the article? She clearly feels gold is headed to 1200 and 1530s is a long shot and will be short lived if it gets there. She is probably better than anyone on SI with technical analysis.

I never understood why people read her. Other when gold's bear market was ending in the early 2000s, has she ever had anything worthwhile to say?

Even when gold was $500 and ascending, she put out research showing a wide range of possibilities, always with huge downside potential. It was no different at $800. Sure, there was upside potential, too. But I can't think of a better person who exemplifies "technical analysis tells you what you should have done after you should have done it."

Yamada is so useless I never read a word she has to say.