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
This gold stuff has been in the papers non stop, advertising buying and selling for well over a year. Its Ad nauseum. You see TV commercials and info mercials all the time. If its really going down, I have no clue why these folks who are in the know so desperately advertising to buy all of anything gold (jewelry teeth etc,)
I think sticking to TA is a better thing, and to be honest, I wouldn't trade it much, as it soon will de-couple from the dollar in a big way, and the volitity will go through the roof on it.
Its trying real hard to shake out the weak hands, and its forming a very long and solid base to launch higher. I'd buy now when it gets the scariest, especially since it looks like the peso is going to break higher. Once it launches you won't be able to catch it, and you will be too scared to buy it, for fear it will come right back down, and ding your portfolio badly.
We have the whole massive deflationary thingy juxtaposed against the inflationary effects of the Bernanke printing machine. everyone is trying to outguess and devine the direction of this thing, so its an epic consolidation.
even more epic will be the launch anyday now, when gold shoots through 1000 like a hit knife like butter.
OTIS.