Guess The Gold Bottom... I'm saying 850

Quote from markyhabs2:

you guys have good advice and have me a bit worried...sitting on a ton of gold. So forget today and next month whats the concensus by july /aug 2008?

its true the fed cant keep cutting...but remeber in 2007 gold went up with the market so thats why i have hung on to it...
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i'm a huge gold bull even though i'm short, really the safe play is just to add to your long positions cause there's no doubt gold will be going up this is just a consoldation... it might not rebound to 1030 highs in july cause of the summer doldrums but i dont think you have anything to worry about if your plan is to hold long term
 
Quote from PaulRon:
cause there's no doubt gold will be going up this is just a consoldation...
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Ah there is no doubt. Must be the first time in the history of financial markets there's absolutely no doubt about the future direction of a market!
 
Quote from makloda:

Ah there is no doubt. Must be the first time in the history of financial markets there's absolutely no doubt about the future direction of a market!
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How's it going mak?
 
Quote from PaulRon:

i'm a huge gold bull even though i'm short, really the safe play is just to add to your long positions cause there's no doubt gold will be going up this is just a consoldation... it might not rebound to 1030 highs in july cause of the summer doldrums but i dont think you have anything to worry about if your plan is to hold long term
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absolutely true depending upon what you mean by consolidation. what rate of return or time horizon are you including in your forecast?
 
the "boys" gunned the stops below $700 this am

and ripped er back up

this market is sad ...

in fact all markets now are sad

( i.e. tonight in asia time zone the ZI silver contract basis dec

has yet to trade a single contract two hours into the session )

yes of course it is not the primary silver futures contract

( SI comex is the one )

:(
 
Gold hitting year lows shortly after Cramer recommended it. No surprise there. My target is 600-650 gold and 7-8 dollar silver.
 
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