Marketsurfer's bold gold proclamation

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Quote from spersky:

Great opportunity to re-short after that huge sucker rally in Gold. I would not be surprised to see GC trading in the 600's soon. Maybe in a week or 2.
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It's possible.

i don't know when, other than prior to 4.1.2009, but its gonna happen...

surf
 
i'm on board- short away- the graph looks to similar to every other bubble we've just burst- why shouldn't gold go back to 2001 pre-free-money levels?
 
hey surf,

What do make of gold's backwardation being due to dwindling supply at Comex leading to a squeeze on delivery of physical gold leadiing to soaring gold prices by month's end (I think I have that right) ?

http://meltdown2011.wordpress.com/category/silver-gold/vaporize-comex-countdown/

http://www.youtube.com/watch?v=V2oOH7DkLqg

My plan is still to enter a short at 859, but I'm entertaining the possibility that that we test the top of the LT descending broadening wedge at @ 920. A sqeeze to failure there would be a sweet short entry with a nearby stop. Breakout of the wedge measures to 1200

http://www.incrediblecharts.com/tradingdiary/images/20081209_gold.png
 
I ordered custom wedding rings this week. Choice of gold or platinum.

Same price.

Gold is a hedge of nothing, which means it's never worth what you pay for it. Overbought to resistance in a LT downtrend. Long or short?

Here or 920.
 
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