Now that AUY is solidly in the $7's it will continue to drip drip drip down to the $6's and if $810 on gold does not hold this time around then AUY will see the $5's!!! Meanwhile kudos to those here who took my advice 5 weeks ago and sold their AUY at $9/sh and bought up all the GE they could get in the $6's as GE is now over $12/sh, and to the risk takers out there who followed me in BAC in the low $3's, you and me are enjoying a nice tripple from those levels. As for the die hard bugs here who are still waiting for inflation, well they are the same ones who thought that in December the COMEX was definately going to fail, sorry guys and gals inflation is not in the cards for at least 18-24 more months and even then when it surfaces the FED will raise interest rates and reign in monetary expansion to mute it. Keep on buying into the fairytales spun by schiff, sinclair et al and you will continue to lose your investment Dollars. I'll be back next week when AUY drops into the $6's!!!
are you still holding >>bac<< going into earnings this monday, april 20th ?
i hope not because after the earnings disappointment again, >>bac<< will be in the low 3's on monday and the dow will retreat big time.
i would rather hold gold and gold stocks on monday, april 20, 2009.
wi51 sell bac now and save your profits before black monday!!!
financial collapse is imminent!!!
This guy is knowledgeable, entertaining and insightful. Is he always correct? Heck no -- no one is, but his forecasts have generally been correct. Make some money and enjoy the entertainment OR talk about CPI lies and lose $. The choice is yours.
2-Jan-09 08:58 pm
...I have often played the devils advocate and taunted my attackers with wild predictions, but as you will find out if you look back I never traded on those predictions, they were just entertainment... wi1951