Gold correction has ended

wow ... another wild week in the PM sector and gold - silver
futures ...

mid week it looked like the bulls had regained the momentum
but by the end of the week it was all BEARS

now the bulls need to prevent the bears from pressing their bets
and driving gold down to $580

:p
 
Quote from SethArb:

wow ... another wild week in the PM sector and gold - silver
futures ...

mid week it looked like the bulls had regained the momentum
but by the end of the week it was all BEARS

now the bulls need to prevent the bears from pressing their bets
and driving gold down to $580

:p
More...

you saw profit taking and a new floor being put in around 630. do not be fooled by the CBs manipulation of gold. When Israel marches into lebenon gold will spike again taking out 700.
 
What would you see as a definite signal? Do u think that even with the war Gold might retrace $550 because the dollar is looking more attractive?
 
I got no strong idea on where this will find a bottom.

Still suspect that its below 540 (like everyone else) but this price action making it sit right here at 615 is odd.

Currently no clue - flat.
 
Kim Jong Il fires dozens of rockets over Japan for the 4th of July

Gold rallies...then drops off

Israel and Lebanon attempt to start WWIII

Gold rallies..then drops off
 
Quote from Alex_in_Oz:

Kim Jong Il fires dozens of rockets over Japan for the 4th of July

Gold rallies...then drops off

Israel and Lebanon attempt to start WWIII

Gold rallies..then drops off
More...

are you a gold bull or bear?
 
Quote from Alex_in_Oz:

Both! I've got a short and many long positions....I'm in Australia we invented metals speculation!
More...

very cool. what are your thoughts on the price action of gold lately? what do you see over the next 4 months?


thanks.

-kk
 
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