if you want catch the bounce now is not the time
wait 4-8 weeks then catch the bounce then :) we have another major leg down to go
"the world is ending" is a very emotional term
lets just say that the yanks have got themselves into so much trouble that we could be looking at a financial meltdown thats worse than anything anyone one of us has seen before
America is only part way through this, we have only had sub prime, we have yet to experience Alt A, Derivatives , sub prime auto, credit cards
there are all kinds of scenarios that could play out from here
a strengthening AUD (to at least 1.20) is one , oil at 150 is another
all of these have major repercussions to all markets and all stocks
are the Chinese going to want gold or would they prefer to eat, by coal and oil to keep them warm, or Iron ore to build stuff
I hate it when folks try and seem as if they know more than others
ego has no place when considering your investments
read the links :) the world driving into a large fog these read back through guys predictive track histories DYOR
simplistic notions that gold will go up and specs will follow doesn't reflect a deep understanding of the road ahead.
Yes gold will most probably go to $3000 over the next few years
but the gold stock buying strike could last 12 months
yes it will kick in eventually but claiming its just around the corner is overly optimistic in the short and medium term
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