Although am still "bullish" on gold/silver stocks I see trouble short term. This chart has been up several times so the view is just an update on how things look now. Not too good.
THE ROUNDING TOP UPDATE
Started by
mss
, Oct 15 2005 10:58 AM
1 reply to this topic
#1
mss
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I'M WATCHING
Posted 15 October 2005 - 10:58 AM
Although am still "bullish" on gold/silver stocks I see trouble short term. This chart has been up several times so the view is just an update on how things look now. Not too good.
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#2
PorkLoin
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Posted 20 October 2005 - 04:35 PM
Scott, that "shallow" correction could get to 3.5 or so even in the context of a still-going overall bull market. I'm not saying I expect gold at $300 or the XAU at 50 but I think that if we have indeed topped out after the rally from the summer then we could go down 20 or 30% in the XAU.
Doug
