FIGO the only problem I have with Sinclair and those die hard
gold bugs is that they always say the same thing, gold is going to
Da Moon, etc. it's not like they ever tell you, I think gold
is going to have a 15% correction, we are selling our gold and
going to buy lower, those guys are not market timers, they only say
buy buy buy. It's always the same argument, gold is going to
the moon because nobody wants paper, we are going to
have rampant inflation, there's a conspiracy. I just
stick to the technicals vs worrying about all that
noise.
I at least try to tell you guys when I think it's toppy, like
back Aug, I was screaming that it was due for a decent correction
since it was 25% above its 200 day MA, which has always marked
tradeable highs, and of course gold had a nice correction into
December
On the other hand, I've always been clear that gold is in a long
term bull market and I expect it to still make new highs.
Currently My thought is that gold is going to form a large
triangle pattern and break out late summer or early Fall to new
highs
Gold stocks, I think they look decent for a bounce.
SHORTS NOW TRAPPED GOLD $3000 CORRECT LINK
Posted by FIGO on 25th of Apr 2012 at 03:41 pm
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/24_Sinclair_-_Shorts_Now_Trapped_%26_Gold_Could_Gap_Up_to_$3,000.html
Where are they trapped? Gold
Posted by freddy123321 on 25th of Apr 2012 at 09:26 pm
Where are they trapped? Gold has not moved up any?
FIGO the only problem I
Posted by matt on 25th of Apr 2012 at 05:22 pm
FIGO the only problem I have with Sinclair and those die hard gold bugs is that they always say the same thing, gold is going to Da Moon, etc. it's not like they ever tell you, I think gold is going to have a 15% correction, we are selling our gold and going to buy lower, those guys are not market timers, they only say buy buy buy. It's always the same argument, gold is going to the moon because nobody wants paper, we are going to have rampant inflation, there's a conspiracy. I just stick to the technicals vs worrying about all that noise.
I at least try to tell you guys when I think it's toppy, like back Aug, I was screaming that it was due for a decent correction since it was 25% above its 200 day MA, which has always marked tradeable highs, and of course gold had a nice correction into December
On the other hand, I've always been clear that gold is in a long term bull market and I expect it to still make new highs. Currently My thought is that gold is going to form a large triangle pattern and break out late summer or early Fall to new highs
Gold stocks, I think they look decent for a bounce.
Yes, Matt's comments on Gold
Posted by sethbru on 25th of Apr 2012 at 11:21 pm
Yes, Matt's comments on Gold have been very helpful.
Lol, they were probably buying
Posted by freddy123321 on 25th of Apr 2012 at 09:18 pm
Lol, they were probably buying from the top in the 80's at 800. I know an old trader that held from back then. He bought at the high, I am sure. Lol
Take a guess when this
Posted by freddy123321 on 25th of Apr 2012 at 09:21 pm
Take a guess when this guy was buying tech stocks? :-)
I totally Understand you Matt And this
Posted by FIGO on 25th of Apr 2012 at 08:59 pm
I totally Understand you Matt
And this is why we subscribe to your service so we dont dream with da Moon
Over here We deal with the facts reality everyday,and im shore we all appreciate this
However on My Opinion J. Sinclair is very different from the average hard gold bugs
Remenber J.Sinclair by year 2004 when gold was bellow $500 officially said $Gold will go to $1,650 by 2011