opinion, page-16

if you listen to jim Puplova on his last week broadcast he advised the following

a)once gold went through 1000 it would probably get to about 1050 and then undergo a major correction
b)that these corrections are typical when gold goes throught round number like 700, 800, 900 etc
c)that from a technical perspective it looked over bought (Jim has some of the best TA folk in the world working with him)
d)that if you werent invested in gold you should wait till this phase passed before you entered the market
e)Bob Prechter also predicted the pull back in his newsletter and I posted his charts proving this yesterday

Anyone thats been a gold investor for a long period would find this discussion a little niave , its the reality of the gold market, these correction happen all the time.

My advice to the newbies is to approach the market in a more thoughtful way, subscribe to a good gold TA service , yes some here can do their own TA but not many really know what they talking about compared to the leading TA commentators

Decide on your trading strategy, if your a buy and hold investor then be patient, if you want to trade the market then get access to the advice I described above

As I keep mentioning AUD gold isnt the same as USD gold, AUD performs at 50% of the return of USD, in the australian stock market companies compete for investment dollars against each other (thats why they call it a market), if AUD gold companies are getting half the returns of USD gold then AUD gold companies are not as attractive to investors .

Make yourself aware of other market factors, as I keep posting there is allot of manipulation going on by the likes of JP Morgan and other hedge funds. This is not just a theory Ive posted the links to the shorting thats occurring and you can easily print these every day and keep your eye on them.

Friday was a classic , take SGX the short positions built up all week, then JP Morgan sold down the stock, closed out their shorts, and patiently refilled all day

Allot of folk here amaze me, your entering the ring with some of the most sophisticated investors that the world has to offer and expect great returns without really doing your homework about the various facets of the market you need to understand in order to compete.

For long time gold investors the pull back was totally predictable and expected, if your surprised by the move then your one of the above mentioned folk who havent done their homework. Its your money and I assume you care deeply about it so show your money some respect and broaden and deepen your knowledge so days like yesterday dont come as a surprise in the future.

You need to understand the structure of the market, the trading strategies of the investment and funds, algi and autobot trading strategies, technical scenarios, balance sheets, cash flows, assays, feasibility, management , performance, trading strategies, comparative currency returns and correlations, historic gold market moves, etc

If you had understood all of the above you would have been in cash yesterday waiting for the correction to deepen, not agonizing over your stock falling, when gold corrects like it did yesterday its a brilliant opportunity to buy, gold always corrects like this after a run, why are so many of you still fully invested? because your being out played by folks with a more sophisticated view of the market

This is not about ego its about investment returns and if your not fully aware of all market factors folks that are are going to outperform you.