John Pseudonym

The End of U.S. Financial Domination

The Gold price chart still looks awful, there's a 50/50 chance we are going to the ~$650 and ounce range.

I'm a trend player and there is no obvious/strong up trend in the charts of gold. So for now there are better options.

I look at gold in the sub $700 range.

Financials ETFs: Is the Credit Crisis Really Easing?

I say people are sheep and they are scared.

I say we will see big swings of emotions which will be evident in stock prices.

I say the days of borrowing to live a life style you can't afford with your income are over.

I say that if the day comes when people turn to their last bastion of wealth (401k money) to "keep up with the Joneses" or make their payment, the stock market is in real trouble.

Suzy Ortman (spelling?) was on Larry King and she's been dealing with callers asking if it's a good idea to tap IRA/401k money in order to stave off bankruptcy...

Her answer was no, but I have a feeling there are a lot of desperate people looking for money...