Gold - on cusp of massive bearmarket :)

sounds like a plan

are you going to be using your trusty MACD with this decision to short?

let me know when you go short and i will get longer

 

The way I see it the financial crisis still has legs. The U.S. debt situation has no exit other than default through inflation (you'll get your principal and interest back, but it won't buy anything). Forty cents out of every dollar spent by the federal government is borrowed. The price of gold is basically an indicator of how far along we are in the crisis, so I don't think it's hit its top yet. That isn't to say that there won't be 15 to 30% retrenchments along the way.

 

A repeat of what you've been doing?

 

1423 ish now

hey DB did you get long?

good stuff

 

DB is being 'spoofed' into believing that deflation is upon us, this clears it up totally. Worth the read.

http://www.marketoracle.co.uk/Article24102.html

 

this thread is second only to the stupidity observed by marketsurfer on shorting gold.

 

INCY'S EXTREMELY high energy BANG!!!!!!!!!!!! journal was pretty good as well

where is that little CAT anyway?

here KITTY KITTY KITTY

 

1423 area held

down to 1367ish now

 

if that 1367ish doesnt hold, we could see 1277ish

they are whacking it


lol

 

probably has to do with this:

http://www.zerohedge.com/article/pm-selloff-reason-cme-raise-margin-requirements-silver-5000-6500