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i just looked at closingtrend.com. The web site looks like it was designed by a 5 yr old in 1994 - the text on the buttons doesn't even render in mozilla.

if you're short, it's gonna be you :cool:

mark my words - we will break 75 today. oh wait, we just did.... :cool:

we're going to break 75 today - then the mania(read: fear) will pop it to 79+ where it will hit resistence.

my thesis right now is that the mania from the price hitting all-time highs will cause it to run to 80 before a correction of over 4%

My target is 60 days. anyone else?

how are all you shorts doing? :cool:

a few years ago the bank of london sold half their gold reserves - other banks have been doing similar. imagine where the price would be if they haden't done that.....

the price of gold is not tied to the fed - it's tied to two things right now: 1) fear in international relations.(Iran, iraq, etc.) 2) products. jewelry, electronics, etc. India is experiencing hyper-inflation, their population now has the financial means to afford gold products, and...

today is profit taking. today is an entry point. today is ebb-and-flow(the ONLY pattern) learn from the mistakes of the guy who shorted gold at 575 and is now illiquid.

screw patterns - supply-and-demand will destroy them. bull market in commodities - profit taking is abounding today. the train has slowed down, hop on now if you want, but don't try to stand in front of it! -kk

Welcome to the darkside my fellow bull. -kk

does that mean we're going to "party like it's 1999"? (worst joke of the day)

anyone have any thoughts on the "jockeying for postition" that's going on right now?

jeasus.... premarket is HOT!(spy, gm!!?) GM will pop the dow.(GM UP?!?!?!?!?!) aapl is going to KILL the bears today.... GM+AAPL = the new axis of evil??!?!??? :cool:

or 650$ gold - supply, demand and Iran. :cool: the economy is like a car downshifting - it gets more power from the extra gear but the acceleration slows down until the engine can catch up. for the US economy, the engine has been in the new gear for a while and the acceleration in the...

It's moving on non-existant volume - like people are tying to trigger sell systems with market orders.

I've watch the charts over the past several sessions and it looks like the shorts are trying to beat it down. anyone else watch this issue on the daily?

reading this still gives me a warm happy feeling in my shorts..... :cool: (pun intended)

for disclosure, i am long aauk and have had it since before the last split. people think it's inflation - it's not. fallout from india and china having booming economies where people are starting to have the means to buy gold and other commoditized products. my thesis is this trend is a...