Anyone have a good feel for Gold ST, IT, LT?

Does anyone have a good feel for Gold and the miners for the ST, IT & LT? I can't see the US and the rest of the World getting away with a financial system "do over" here? All opinions welcome. Thanks, UBW

Gold going to 1600 minimum in the next 3 years. There is no doubt about that. The ecomony here and the rest of the world is garbage. The dollar and all other money is worthless almost. That is why we have the inflation we have. Then they come out and do stupid things to manipulate the market and drive it up. That causes the market to keep making new lows. If they just left it alone, it would be fine. Today wiould have been up anyway but not 400. Maybe 100. What the government is doing is making things worse but its great for traders. They think they are taking away risk but they are actually making the risk worse. October 2nd will be the blackest Tuesday ever because there will lines waiting to short the market and if the prolong it, they will just make it worse in the long run. If the big guys want to short they buy puts. Its not difficult. Its all just become pretty rediculous.

IF yesterday's low marked an important bottom, then it's likely the commodities including gold/oil are putting in major bottoms here, too. The fact that gold stocks skyrocketed before yesterday's turnaround suggests that they were frontrunning the turn (as they tend to), and fundamentally, reacting to the USD-shredding govt policies. It's clear that the Admin have decided to sacrifice the USD to other interests. Im staying long thru GLD 95, and then evaluate. Today's pullback is an excellent buying opp for those looking to get long, although GLD may go a tad lower to 80-81. I like BVN here alot.

Edited by beta, 19 September 2008 - 12:59 PM.

Isaac613 & Beta, Thanks for the replies. I can't help feeling a sense of doom here. There is something very wrong with what the government is doing. For the last 1 1/2 years I have been almost completely in 3 mo T-Bills or T-Bill money market mutual funds for my cash balances. Now I'm being told I was a fool and I should have invested in a higher yielding money market fund paying 2 1/2 times what I was earning since the government was going to end up guaranteeing both of them. This flies in the face of reality. Basically the government has outlawed risk. That can only mean that now everything is at risk. Thanks to both of you and I wish you all the best. UBW

Does anyone have a good feel for Gold and the miners for the ST, IT & LT? I can't see the US and the rest of the World getting away with a financial system "do over" here? All opinions welcome.

Thanks,

UBW

I do special updates on gold timing.
Up till the end of this year.
Down 1stH 2009.
Up into 4/16/12.

Youmast,

Thanks for the reply! I'm glad the russian market rallied today along with the other world markets

All the best to you.

UBW

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Does anyone have a good feel for Gold and the miners for the ST, IT & LT? I can't see the US and the rest of the World getting away with a financial system "do over" here? All opinions welcome.

Thanks,

UBW

I do special updates on gold timing.
Up till the end of this year.
Down 1stH 2009.
Up into 4/16/12.

gld

one may study this chart........intraday...daily...wkly ie ST, IT, LT

http://finance.yahoo...LD&t=...0&a=&c=

Vitaminm,

Thanks for the excellent chart link!

Best to you,

UBW

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gld

one may study this chart........intraday...daily...wkly ie ST, IT, LT

http://finance.yahoo...LD&t=...0&a=&c=