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i think everyday in the gold market is interesting.
i said on friday to watch the last 1/2 hour – which was very strong
we breached $1250 but we need to hold it.
a lot of resistence that needs to be taken out, including the very important $1340
if we take that out its going to get very very interesting
These are very interesting and dramatic times James the Greater!
also watch oil which is quietly breaking down, usually that is gold negative
not sure what to make of it just yet
My thought was that oil was leading the stock market down into an intermediate degree correction.
Lets here it for the Bettles, “Let it be, Let it be.
Couldn’t agree more LGC!
GREAT COMMENTS AND THOUGHTS GARY.
Just lets be careful about stocks…they wont go away to easily.
Rally in stocks might put a few dents in gold.
1280 in gold will be a hurdle. If stocks keep rolling down gently
we will probably go right to the 1300’s in gold.
IMVHO where are all our bear cub posts lately.
Al,, slow down with the hyperbole, Most interesting day in gold you seen in years. That,s a stretch
Take a good look at gdxj…..and its moon shot cousin jnug
HOLD ON TO DEM…EYE BALLS before you loooook…….
ITS A VERY GREAT DAY IN THE METALS ……no hyperhole…DUDE
Not really and I will tell you why I said that.
I went to the live spot market and watched the price change literally every five seconds. That tells me that, as Van Morrison says, “Somethings Going On and I don’t Know What It Is”!
I find kitco lags, maybe my pewter or server.
I think we get one more gold smack down going into the Feb. delivery, but the miners have bottomed. Just a gut feeling as the bullion banks are trying to get as long as possible before gold starts the next humongus leg up. God Bless…
Did anyone see the volume on the GDXJ today-extreme..
Could be happening right now. (8:20 am pdt on Tuesday!)
Let’s see where we go today!
If we have seen the bottom, this rally needs to accelerate and explode upwards, otherwise it will be just a another bear trap.
How will GDXJ and GDX react when the market as a whole breaks down? Lowering tide lowers all boats…or the opposite?
My guess – the opposite Gman
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