Gold correction has ended

[drsteph]

Not so fast sparrow...

North korea fuels ICBM...

http://www.cnn.com/2006/WORLD/asiapcf/06/18/nkorea.missile.reut/index.html

That should keep it bid a little while... nothing like a nuke attack on US soil to devalue the USD and send people fleeing to hard money in preparation for a global war....

not gonna happen, but you never know...

 

[GlobalFinancier]

Don't DPRK missiles fly everywhere never hitting their target?

 

[drsteph]

Quote from GlobalFinancier:

Don't DPRK missiles fly everywhere never hitting their target?

Yes. And that's the problem...

"oops, we were aiming for the ocean, not land"

 

[lucky_irish_man]

I'll have to stick with the old saying:

Sell after Memorial Day come back after Labor Day!

Besides the odds of this thing making a V Bottom here without and consolidation and just resuming a bull trend is very remote.

 

[GlobalFinancier]

H&S hourly, more price cutting seen.

 

[GlobalFinancier]

573. Long. I feel a bottom.

 

[Ivanovich]

Quote from GlobalFinancier:

573. Long. I feel a bottom.

Woot! Time to go short!

 

[infolode]

Quote from Ivanovich:

Woot! Time to go short!

 

[GlobalFinancier]

Quote from Ivanovich:

Woot! Time to go short!

You just might be right, after hitting 580, gold has retraced to 572.75. Sold.

 

[GlobalFinancier]

Interesting, gold is simply not cooperating, but we'll get it one day or another..