Zwyss: Similar perspective and position to you. I believe
the unraveling of the world-wide financial house of cards is
beginning to accelerate. That's not from a technical
perspective, but rather what my gut says. I've learned to
trust my instincts.
When the world finally wakes up and realizes the US is the
biggest ponzi scheme of all, investors will flee those "safe"
treasuries, the dollar will tumble and gold (and yes, the gold
mining stocks) will soar. IMHO, this outcome is a slam dunk,
only a matter of when, not if. Until we get there though,
expect continued frustration from time to time, as the anti-gold
contingent have too much at stake to simply throw in the
towel.
For what its worth, I too sense the momentum is edging to the
upside for those of us invested in the mining sector. The
wait may be hard, but the final payoff should be spectacular.
yes FIGO, could be a c-wave to 1700, but maybe it's an ascending
triangle and Gold will break out again soon and hard, maybe even
today (but if so probably early next week).
I think everything could happen today, a huge beatdown (maybe
another manipulation of the market by the big boys....) or a huge
rally (maybe caused by short covering). We will see
Title: GDX Zwyss: Similar perspective and
GDX -- Goldstocks
Posted by RichieD on 9th of Sep 2011 at 06:43 am
Zwyss: Similar perspective and position to you. I believe the unraveling of the world-wide financial house of cards is beginning to accelerate. That's not from a technical perspective, but rather what my gut says. I've learned to trust my instincts.
When the world finally wakes up and realizes the US is the biggest ponzi scheme of all, investors will flee those "safe" treasuries, the dollar will tumble and gold (and yes, the gold mining stocks) will soar. IMHO, this outcome is a slam dunk, only a matter of when, not if. Until we get there though, expect continued frustration from time to time, as the anti-gold contingent have too much at stake to simply throw in the towel.
For what its worth, I too sense the momentum is edging to the upside for those of us invested in the mining sector. The wait may be hard, but the final payoff should be spectacular.
Gold is down, dollar is up , equities are down and bonds are down pre market
Posted by zach06 on 9th of Sep 2011 at 07:02 am
go figure
GOLD IS DOWN
Posted by FIGO on 9th of Sep 2011 at 08:39 am
Gold is in Wave C correction,should retest the lows of Wave A ($1,705) or lower
However this wave C is very Volatile
yes FIGO, could be a
Posted by zwyss on 9th of Sep 2011 at 08:52 am
yes FIGO, could be a c-wave to 1700, but maybe it's an ascending triangle and Gold will break out again soon and hard, maybe even today (but if so probably early next week).
I think everything could happen today, a huge beatdown (maybe another manipulation of the market by the big boys....) or a huge rally (maybe caused by short covering). We will see
Gold
Posted by superdupa on 9th of Sep 2011 at 10:38 am
Bought my first at $1.25 an oz