Very interesting, thanks for the analysis and link. looks like a bit of consolidation here prior to the next leg toward 600. all the best, surf
is this thread still open? Surf, are you concerned that even though your stop in $'s has held, gold is reaching new high's in other currencies? I'd appreciate the feedback as I'm considering going short on with an 859 trigger. Thanks. bb
hi, absolutely-- i remain confident in the original call. however, no clue about the short term. good luck!! best, surf
Just a bit of consolidation while the CB's print infinite amounts of paper in a desperate attempt to reflate... They will certainly succeed because the paper they print is free, and even if nobody else is willing to borrow, the federal government will always be willing to borrow ANY amount of money to spend/waste on pork.
Thanks. How about two more threads for added entertainment value-- DJIA to 15000, Oil to 25 by April Fools.??? In Dreams Begin Responsibilities Good luck your way. bb.
The poet Delmore Schwartz. It's the titile i believe of a long prose poem. or short story which I don't remember, but I remember Frank O'Hara's response to it. "....Our responsibilities did not begin in dreams, though they began in bed. Love is first of all a lesson in utility. I hear the sewage singing underneath my bright white toilet seat and know that somewhere sometime it will reach the sea: gulls and swordfishes will find it richer than a river. And airplanes are perfect mobiles, independent of the breeze; crashing in flames they show us how to be prodigal...... "
Great opportunity to re-short after that huge sucker rally in Gold. I would not be surprised to see GC trading in the 600's soon. Maybe in a week or 2.