Gold correction has ended

GlobalFinancier · Jun 1, 2006

Quote from contango:

The market dipped on the day. You pointed this out to Global Financier... I assumed you're an intra-day trader. After all, he may be right tomorrow.... And I did have a smiley...

Nah, I'm probably wrong. $580 should be the next line of support... I wavered....

GlobalFinancier · Jun 1, 2006

I was wrong!
Gold continues correction, 627.58

2cents · Jun 1, 2006

and bye bye silver...

zero-loss · Jun 1, 2006

>> I was wrong!
>> Gold continues correction, 627.58

Now, that you admitted it ll prove you wrong once again by going up now... :-)

)

Best,
- Zero

PS : I just bought a few kilos last hour

andrasnm · Jun 2, 2006

I bought CEF Canadian silver and gold. Stop loss is wide. I am in it for the long haul. Paper money is worthless and so is the US economy. We are in a verge of a credit bubble popping an when it does. Gold will be $900.

zdreg · Jun 2, 2006

gold may be up but silver may fall as economic activity slows

GlobalFinancier · Jun 6, 2006

632.85, correction continues it appears.

PMInterloper · Jun 6, 2006

chill....if it goes lower we buy cheaper...

:-)

ps I bought a truck today ;-)

contango · Jun 6, 2006

I'm going in lightly with the intention to scale up once the uncertainty around the USD diminishes. Bought gold at 633 and silver at 11.7 and prepared to take heat down to 620 and 11.0. When this thing kicks back into gear it's gonna shift quickly... (I think)...

Ivanovich · Jun 6, 2006

Not going to finish this correction until it is clear the Fed is on pause or some other USD shattering aspect materializes.