GLD - just broke down

i'll add more on any strength below the channel line...

me too

Edited by liberatorium, 12 January 2009 - 10:20 AM.

Good call. I'm short GLD and AEM too.

I'm thinking that the republicans might block a vote to raise the Treasury's "debt limit" and push gold over the cliff.

http://www.the-priva....com/front.html


Mark Hulbert:

"As of Tuesday night of this week, the HGNSI stood at 75.2%.

To put this into perspective, consider that the HGNSI this summer never got higher than 64.3%, even though bullion in July was a lot higher -- within shouting distance of the $1,000 level, in fact.

This is a noteworthy contrast, since the usual pattern is for bullishness to rise and fall with the market itself. But even though gold is some $150 per ounce lower than then, there is markedly more bullishness.

This is not reminiscent of the veritable wall of worry that bull markets like to climb. On the contrary, it appears to be more akin to the slope of hope on which bear markets thrive."

http://online.barron...1671364971.html