I say yesterday was the real trend changer. This is just a 50% retracement, on weak volume. Should be down big in gold Thrs on margin calls. $1,100 is the donside target in gold.
I think you are overestimating your gold market abilities.
Honestly, everything you said was WRONG.
Most of the bulls here knew this was just a short raid and gold would come back quickly.
Listen to the bulls on this board, because that is what you do when you don't know what you are talking about. Listen to those who do.
Gold is headed for 1650 and soon. That is the first target.
Honestly, your gold logic sounds like you are around 8 years old.
And I am being kind.
I remember the crash of gold in 1980... but in an inflation/dollar respective... the price of gold is undervalued, as of today's value's... silver is even more undervalued, as a monetary and industrial metal... SVM is a dividend play on that... it sure beat's near 0% interest rate's on short term money... but then again I read that most folk's took out most of their money out of stock's and put them in bond's.... lately.. go figure. I guess folk's are still scared to invest.... of another 2008! Yikes!
I agree, but like I mentioned before, when every trader get's on the same theme.... alway's remember that the Fed is our friend... despite the (King of the hill mentality of the tea party movement)... Alway's remember the start of the tea party movement was a (Mr. Hoover... circa the 1930's... Rick Santelli as Mr. Hoover... they are like twin's and could care less of the unemployed). Mr. Bernanke is a student of the Depression of the 1930's... and IMO does not want it on his(and ole Navy expression)watch.