Jump to content



Photo

The Bottom Line........


  • Please log in to reply
No replies to this topic

#1 cgnx

cgnx

    Member

  • Traders-Talk User
  • 2,103 posts

Posted 10 October 2009 - 09:25 PM

A fantastic weekly close for Gold. Breakout. Highest weekly close ever in history. I like stuff like that. Good TA. In fact that is the simple stuff that TA is made of. No gold 1000 hats on CNBC. Very quietly making history. This board is dead. And you only hear about the dollars coming rally. Yeah yeah yeah. Stick to the facts. Much better off. Gold is becoming the only game in town. Everything else is dead money, at least for the next five years. Real Estate, bonds, stocks etc... Nothing has what gold has. 98% of the population has no clue how far gold can go and that might a conservative estimate. So, most invested in gold will make very little. No idea when to sell. Fundamentals cannot be analyzed like other equities. More like a cyclical. Gold stocks typically pay out huge dividends during the latter stages of the bull. We are just beginning this bull. Could be a 10 year bull, or since things happen much faster now, could be even sooner. All I can tell you is that the profits for buy and holders should be better than anything over the next 5 years. You could even get stupid rich.
If it can be cornered, it will.