You should never utter these words about anything in the markets. Gold just had a HUGE run, it needs to cool off before going higher. GLD will likely be $78 sooner rather than later.
Um nope GLD up huge today much more upside to go OIL also up huge the dollar is gonna continue falling ] the new era is here
this is a bull trap... 846 is <b>not</b> the bottom... patience people, might be another month though before we so it pass 850 again
Gold falls $100 in ten days and you get excited over an $18 move back up. Too funny. Oil is hitting new highs. Apples to Oranges.
consolidation. might have to wait 6 months for 1000 gold again. should blow through 1k when it happens
frank grimes Registered: Feb 2005 Posts: 1230 04-19-06 07:58 PM ok waited for all participants to answer, was my call wrong? 4/5 stocks I shorted are actually lower than they were on monday. The qqqq's are against me, but by a whole 1.6% my shorts are lower by 4%+. I short charts, not markets. I am still long gld, and gold stocks. What have I missed? When (not if) the mkt turns lower, I am ready, all 1 way players are not. Happy Trading!
I say gold $650 would not surprise me. It is essentially when the majority are so sure of a move, that a reversal takes place....we are in deflationary times, but most people don't believe that yet.