go really parabolic now when au eu china opens, page-9

Au went too far too fast, we had to have at least a healthy 10% correction, after which, the miners will still be making very good money.

Re the Jackson Hole meeting - quote

Traders will be hanging on every word, sifting for any evidence of bold, new measures to rescue our sagging economy. If Ben delivers, the markets will riot. The ?Risk On? trade will be on with a vengeance, and you will want to pile into stocks (SPY), commodities (DBA), the euro (FXE), the Australian (FXA) and Canadian (FXC) dollars, oil (USO), and the industrial metals (CU), (PALL).

If Ben disappoints, ?Risk Off? lives for a few more weeks, and you want to chase gold (GLD), the Swiss franc (SFS), and the yen (FXY). A weakening economy the ?Risk Off? trade implies means that a rapidly shrinking trade deficit and the repatriation of American capital from abroad will strengthen the dollar. Please pass the steroids to Uncle Buck (UUP). Equities will probably put in their low for the year.

http://www.resourceinvestor.com/News/2011/8/Pages/How-to-Play-Jackson-Hole-.aspx