EPIC FAIL XAU?
#1
Posted 25 August 2009 - 01:00 PM
#2
Posted 25 August 2009 - 01:02 PM
#3
Posted 25 August 2009 - 01:33 PM
#4
Posted 25 August 2009 - 01:51 PM
Senor you are mirroring the gold advisers this time:
Consider the average recommended gold market exposure that exists among gold timing newsletters tracked by the Hulbert Financial Digest. As of Monday night, this average stood at just 3.8% -- which means that the typical gold timing newsletter right now has virtually no exposure to the gold market whatsoever.
To put that in context, consider the sentiment picture from three months ago, in late May, when bullion was trading at more or less the same price as it is today. At that time, the average recommended gold market exposure was 50.2% -- or more than 46 percentage points higher than where it is currently.
I am aware of that which is why I am not short, being patient for now.
NO BS
Senor
#5
Posted 25 August 2009 - 03:11 PM
#6
Posted 25 August 2009 - 03:25 PM
for me, the most relevant thing is if the broad market has made some kind of top, temporary or otherwise. it will suck the metals down w/them. and finally, the broad market is acting toppy! took 50% off this am and watched the rest of the day. i will sell the rest in a heart beat if that is the case, ie the broad market tops out. i have seen the effects on the metals too many timestoday's local newspaper's business section front page headlline says : ..."Americans have gold fever "
dharma
Edited by dharma, 25 August 2009 - 03:26 PM.
#7
Posted 25 August 2009 - 03:58 PM
#8
Posted 25 August 2009 - 06:37 PM
#9
Posted 25 August 2009 - 07:32 PM
today's local newspaper's business section front page headlline says : ..."Americans have gold fever "
Funny you mention that, I went to give blood today and the Red Cross nurse said she just bought some gold for the first time - is it time for a serious correction?
BSing away
Senor
#10
Posted 26 August 2009 - 10:13 AM
Senor thinks Pesodollar is successfully testing it's low, next move may be norte grande.
PURE BS
Senor
Bueno Pesodollar rally today as Senor thought was probable, if it continues gold will crater.
BSing away
Senor