GOLD - The Next Huge Bull Market

Quote from optionpro007:

I disagree with you for two reasons:

First, earnings projections for the last year and half have come in better than expected, but there was good expectancy for them nonetheless....

Second, companies which used "make-up" to fix earnings to make Wall Street happy, now have to opportunity to adjust their numbers to reality and blame it on Katrina.

So future earnings imo not only are going to hampered by energy induced inflation, the storm, and other issues but also the opportunity for many companies to clean their books. That can only mean ugly earnings for the near future.

Once "sentiment" in the street turns bearish, in an environment of escalating higher interest rates, I can't see stocks being able to survive this bull run.

Don't get me wrong I believe it is possible for DOW to hit 11K as your charts also show you. But we are out of gas on this one.

This is not 1995.
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Difference of opinion is what makes a stock market
Good points!
 
Quote from balda:

65+35%=87.75

65+55%=100.75

Hope that helps.
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lol thanks, that does help i guess i was thinking dollars not %. Oil has more potential than i thought.
 
Quote from trade4succes:

You sound like an ideal bagholder. believe me, i lost plenty of $$$ thinking this way.
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yeah right, when Gold is making front page on all the magizines and when everyone is rocking BLING - that's when I know gold has toped and its time to bail
 
Quote from Babak:

chewy,

gold is a tired old bull and for what its worth, I take threads like these as contrarian signals. I've seen quite a number of them on other messageboards as well. Everytime gold twitches higher it happens. Look at COT and then look at where the k-ratio is. Then consider that Greenie keeps a close eye on gold and will most likely raise rates and keep on raising them as he's clearly telegraphed.
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Yeah gold just broke out to new muti-year highs, and most breakouts are false (or else trading would be too easy) - maybe it will top out and retest support. I would buy any signiicant pullback as most bull markets don't end until the trend goes parabolic, everyone's scared to short, magazine cover stories appear, and the average person is talking about it etc.
 
Gold has done well of late especialy if you consider that it has been moving against all/most currencies. Most buyers are worried about what will happen with the fed on Tuesday.
If they hold off on raising buy gold and stay away form anything in the USD unless you have the skill to trade quickly in and out of the interest sensitive areas they may pop but then the market will go to S@#$ IMO.
If uncle greenspan keeps up with the quarter point hikes gold should pull back posibly to suport and if it holds that will be the time to plunge into gold, goldminers ect.

silver been weak currently but that may soon change as well but the real deal is in Gold which silver is just a byproduct of.

By the way this is the season for gold (physical demand wise)and bush and his printer is making it the investment time aswell.
Good combination for the bulls.
 
Quote from optionpro007:

Second, companies which used "make-up" to fix earnings to make Wall Street happy, now have to opportunity to adjust their numbers to reality and blame it on Katrina.
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This is a great point that I hadn't considered. It (Katrina) also gives the Fed an excuse to be more aggressive in raising rates or more accomodative, depending on how they balance the inflation/growth risks. With gold breaking out it may be tougher for the fed to pause as so many are hoping.
 
btw
buying on strength is a technique that loses money,

there needs to be other requirements to buy on strength.

buying on strength will get you whipped.
 
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