Nitetrader - sounds logical even though the charts can't be seen, however wondering the following:
- Did the 2006 correction have interest rate cuts in so many consecutive months that we have here
- was the buying power so great on the dip as we're seeing now with Gold and indeed silver indicating that the average investor, and even fund managers have a much greater interest in it than in 2006
- were there multi-billion dollar writedowns as a result of the sub-prime crisis
- was the US in a recession
- was the FED pumping billions of dollars into the system and saving banks from collapse
The answer to all of the above is no, so would that make patterns on charts over so many years obsolete and irrelevant because of what we're currently seeing happening around us. Interested in other people's thoughts, but personally I think what we're seeing is something unique and scary in a way - not sure whether jumping out of gold is the way to go - what do you all think?
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