Waiting for the 1030 mark on gold. I hope that the big funds don't move in first because they are watching the same numbers and this is a huge turning point. Gold may drop another 200 bucks with the possibility of no change in share price, maybe even a rise. Just like the other day when a large drop in gold price was met with a large gain in gold stocks. Some serious positioning going on at the moment. Can only hope for a temporary share slump occurs at the same time.
gotta love this picking a price and waiting for it idea What makes 1030 such a magic number ? what happens if it doesn't get down to 1030 ? How many years will you keep waiting for 1030 ?
I actually think we've just turned for a bounce in gold and the xgd. I need to see it confirmed but I think we've bottomed for the moment at least
I would've thought your biggest fear, given your recent history, would be being sued for breach of contract, no? I haven't left you feedback yet btw.
Following the gold boom of the 70's and even this boom, gold always retraces back to a significant milestone price peak....in this case just over a thousand dollars. Once retraced, gold will resume its climb, possibly to 2400-2500 dollars where it will have to retrace back to the 1900 dollar level which is the high so far for this boom and is very significant. It is the way prices move...
