THE ROUNDING TOP UPDATE
Started by
mss
, Oct 15 2005 10:58 AM
1 reply to this topic
#1
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
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