Marketsurfer's bold gold proclamation

i like it.


good luck!!


surf

 

surf ... that was a nice call

one might with hindsight caught a $100 move or so

however it does not take a genius to see that
the gold market stopped ( for the moment ? ) its
recent -freefall-

at what higher ( $900 - $950 - $1000 )

price level ( yes perhaps talk of $950 and even $1000 gold
again in 2008 or early 2009 might seem foolish to some )

might you have to revise your ultimate time and price call
( i.e. surfs bold proclamation )

 

Or the DIRECTION of the forecasted move.

I think the past few weeks data show that even with the dollar bouncing, there were plenty of buyers for any gold for sale under $850.

I think we'll see gold stable above $1000 by his April 2009 date. Its just a function of the world more and more being flooded with dollars that nobody can figure out what to buy with.

 

thanks seth.

we caught a little bounce on the upside on the other site, but nothing has changed with the yearly projection and belief that a LONG TERM top is in. 600 by 4.1.09


surf

 

600 after a 2 for 1 split

 

i have to agree with this...we have factors working to keep gold down but the trend is still up....if it goes down even an other $50 buy more if youre planning to hold a few years. the saturation of dollars onto the market will actually make things worse and instead of solving one problem you create an other. Gold still predicted to $6000. Ever see how much Asians buy gold versus Dollars on a weekly basis? it will blow your mind...i stuck the 6000 on here for argument sake i am note saying thats where it will go....just making a point....

 

since last Thursday, may 8 2008, combined with the stock market and the dollar index is consistent with my suspicion that silver and gold prices have already bottomed.

It's possible still that we'll see a sudden, brief downward spike in silver and gold prices, but that grows less likely every day.

 

this is sucker's rally, but go ahead and buy if you want

 

no wont be buying...still watching to see if what i suspect is right. if it is then i can afford the $40 variance either way then i collect or sell. thruth be told i want it to go up.. because i am running out of places to yeild nice returns since the stock market is still in a BMR...

 

Currently, I have 3 880 GC puts and 2 short Mini gold contracts.

I think we shall see soon if this thing decides to break.