Marketsurfer's bold gold proclamation

It's possible.

i don't know when, other than prior to 4.1.2009, but its gonna happen...

surf

 

Sub $600 my butt!

 

i'm on board- short away- the graph looks to similar to every other bubble we've just burst- why shouldn't gold go back to 2001 pre-free-money levels?

 

that is an eloquent way to put it.

 

Indeed. I have a feeling we're going to see $1200 before we see $600.

 

Why must it happen before 4.1.2009 ?

 

hey surf,

What do make of gold's backwardation being due to dwindling supply at Comex leading to a squeeze on delivery of physical gold leadiing to soaring gold prices by month's end (I think I have that right) ?

http://meltdown2011.wordpress.com/category/silver-gold/vaporize-comex-countdown/

http://www.youtube.com/watch?v=V2oOH7DkLqg

My plan is still to enter a short at 859, but I'm entertaining the possibility that that we test the top of the LT descending broadening wedge at @ 920. A sqeeze to failure there would be a sweet short entry with a nearby stop. Breakout of the wedge measures to 1200

http://www.incrediblecharts.com/tradingdiary/images/20081209_gold.png

 

Hit my entry. long dzz with a short leash. target $gold 575

precter

http://www.hedgefundcrash.com/img/i/884270gold-elliot-wave.jpg

 

I'm amazed you believe that enough to bet actual money on it.

 

I ordered custom wedding rings this week. Choice of gold or platinum.

Same price.

Gold is a hedge of nothing, which means it's never worth what you pay for it. Overbought to resistance in a LT downtrend. Long or short?

Here or 920.