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Re: gold and silver

By: Decomposed in ROUND | Recommend this post (0)
Mon, 25 Jul 11 4:24 AM | 86 view(s)
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Msg. 34041 of 45644
(This msg. is a reply to 34039 by fizzy)
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GDX is clearly overbought... Gold BADLY needs to test its 200 day MA. The best TA person I know thinks markets will continue up for 3 more weeks - but that's it.

I'm bearish short term on almost everythin.

BTW China looks to be VERY close to taking action on its own serious economic problems. I expect it to flip soon from huge net buyer to huge net SELLER of US Treasuries. I trust everyone here understands the disastrous consequences for us WHEN that occurs.

Sorry for any typos. I'm pecking these msgs out on my Blackberry and can't even read the font because it's so small...

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: gold and silver By: fizzy in ROUND Mon, 25 Jul 11 3:25 AM	Msg. 34039 of 45644
Sigh. Well so much for the hope of a pullback to buy some more. Maybe if they reach a debt ceiling increase which doesn't result in a US debt downgrade. If we do happen to get a major pullback (say $100 or more) I'd like to make a 4x standard buy. I wish I'd replaced my silver at $32.

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