GREY:PTQMF - Post by User
Post by
Libertygon Apr 20, 2011 9:29am
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Post# 18459689
Smoking markets.
Smoking markets.FWIW, Silver is in a parabola phase. Gold approaching long term significant resistance area (higher end 1525.-1550). The US market defying ugly economics, the US dollar teetering at crucial support, and of course oil still strong. When markets intersect at crucial areas like we see now, something big will normally result. We should watch closely how this resolves itself. Either we get key reversals soon and see some sharp corrections/consolidations or everything breaks out and continues far higher. It seems we will get one or the other. In a perfect world (oxymoron) we should expect Gold, Silver, oil, and the US markets to go through a correction/consolidation phase in the near future that should last maybe 3-6 months or so, and the US dollar as pathetic as it is bounce.
If we see resistance become support i'll re-enter the markets, if we get our correction, then i'll sit out until the earliest in June, latest September, or October. PTQ may have to wait several months for all the stars to align. If we see those sharp and overdue corrections, PTQ "could" suffer with everything else. Hopefully it manages to hold up reasonably well in general as they work to improve the numbers.