scotty1560

Gold Correction Now More Likely than Not

the biggest danger for gold would be a rally in the equities markets..
money would transfer for a trade into the rally.
let's see if gold holds that 920-925 range where it broke through.

otherwise, gold should hang and eventually mount another rally
against the declining dow.. kinda the anti-dow if you will.
2/1 ratio to dow could be in the cards say 2 more years out..
3500 dow and 1700+ gold or 3000 dow and 1500 gold.
oil will eventually rise but looks like two years from now.. imo

Gaza War: Expect a Spike in Oil, Gold

Chris B...I'm profiting from the skirmish to!.....nice week to be an investor...

Like I say...a little bit of war drums here...throw in a category 4 storm there..
Count on our Russian and Middle East friends to keep hyping up those prices...

USO is off the canvas and counter-punching.....

Nowhereman...neutral on gold...no guts either way...no guts, no glory...
only into physical anyway....looks like dollar has more to go with
Euro rate cuts...not good for gold short term...hold what I have and
add if I see $650-$700.

Gaza War: Expect a Spike in Oil, Gold

The war would have to escalate to be much more of a factor in oil imo.
How many of these little oil spikes have we seen for years..traders.
I do think oil overshot to the downside..

Gold...that is something I can't make a decison on...I'm not in love with
the long term charts...there is much speculation right now and that bothers
me when people get too bullish..still think assets decline or go flat with a
few rallies like we are having....reluctant to add to my position or sell..