gold in a negabubble!!, page-13

R2R, I'm not sure about wave 5 (I'm not a technician) but I do intend selling when the next intermediate peak occurs. I have a number of tools to identify that when it happens, e.g. Market Vane sentiment data. In the chart below, the 2006 and 2008 spikes were clearly intermediate peaks where bullish consensus rose above 90% for several weeks. I'm looking for something similar in the future... but since the correction in 2008 there hasn't been a single day with BC > 90%. That's kept me in the game, holding onto long-term juniors that are kicking goals on their own accord, MML SLR PRU SMF etc. Will sell them all during the next peak, the longer it takes to get there the better. Then it's vacation for 6-9 months, forget about gold for a while, assess the landscape after that. I personally think gold has another 5-10 yrs to run then join Skol going short for 20 yrs :=)




http://www.kitco.com/ind/Trendsman/apr012011.html