GREY:AVGCF - Post by User
Comment by
BagOfGoldon Feb 02, 2010 6:32pm
245 Views
Post# 16745737
RE: Technicals continued...
RE: Technicals continued...King Scorpion;
The Dow fell 10,700 to 10,100ish lastweek!..This the first mini-leg down of the "major take down"...equities are expected to approach the March 2009 lows in 2010. This will be the last rise of equities for a long time...However...there will be shorting opportunities...& trading opportunities (for small rallies...along the way)! Expect a retrace of at least 2/3 of the way up to thePrevious top of 10,700 (i.e. to 10,500) on the Dow over the next 1 to 2 weeks....We are entering a W shaped depression! Gold & silver will be taken down...by the time gold has reached $1150...& will be cast down along with equities to $1000...& gold will spiral further down to $800 - $850! However...by the end of this year...or early next year...gold will go to $1300+...I sold all of my shares today...except for AVR & AGQ (Arian Silver) which I will keep! I will look for an opportunity to buy back CEE (Centamin Egypt at $1.60 per share or less)...Why?...do you ask...because my fortuneteller friends told me so...What I am doing...may not be right for anyone else...
DO ONLY...what is right for yourselves...
Bag Of Gold