Post by
tony1969 on Feb 25, 2013 4:09pm
We are by no means out of the woods .......
as far as the gold correction but as I mentioned on my post last night (8pm), the S and P was looking toppy. They sold equities hard today and gold got a bid. Nothing lasts forever. I am not saying that equities will collapse here or that gold will go much higher but sentiment can change very quickly in this game.
Comment by
arlene2 on Feb 25, 2013 5:00pm
Tony-----Negative correlation between S&P and Price of Gold continues.......Yes , S&P was very "toppy" (and still is despite the beating that it got today).....Maybe some are anticipating Bernanke testimony tomorrow and Wednesday that he will indeed indicate "stay the course in QEs"..... which will be very bullish for Gold...