re: gold technicals for georgenow
Not in the least bit worried mate - the POG is still about $50 above your original predictions. Keep bashing and hoping GN that it will completely collapse- about time you changed hands -all you proposed was that gold would be hammered because you still can't understand there is a fundamental seachange in your predictions of a recovery in the SM-aka Abbey Cohen. This retracement in the POG is nothing other than profit taking and redirection of those funds into gold stocks. I am still calling the DOW to 5,500 and the POG to $400. This is a fantastic pause and buying opportunity for the smart end of town to get set with gold properties, shares and physical gold. Everyone I have spoken to are moving firmly ahead now with plans for corporate deals in respect of gold -there is confidence out there and the trend in my opinion is set in concrete.
