GREY:PTQMF - Post by User
Comment by
Libertygon Jun 22, 2011 1:18pm
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Post# 18750978
RE: IN .62
RE: IN .62Agree, i was hoping for the .60 level and we finally hit that today. I also have been buying here. This is a potential bottoming area, but the .40 level is still in play and that i would think would only be reached in conjunction with a sell off event market wide. We still need to see how things play out with the Fed ending QE2 end of month and Greece along with the other dominos behind them in the same mess. Gold and Silver again reached that critical upside level. If Gold can hold up it could test it's highs and then the 1600.00/1625.00 level. I still would expect we won't see any real strong rallies for the remainder of June, a drop or some sideways action is more likely. July is another story after the market digests the deflation/inflation confusion. Lot's of potential catalysts up and down looming globally right now.