Petaquilla Minerals Ltd PTQMF

RE: Q3 Coming..Bernanke lights fuse on gold/silver

[Libertyg]

Was short, now out. Here we go again. Bernanke speaks and says.......................nothing we didn't and the whole world didn't already know, and the metals are roaring again. Be wary of this is all i can say while the predictions for 2000.00 gold in short order start exploding everywhere. I still remember when gold hit 1,000.00 and corrected back to the mid 600's and everyone was forecasting up up and away. Few even allow for the possibility of an extended or decent correction as if it's blasphemy. That's all i'm warning of. A "possible" extended correction it's just normal and were overdue IMO. Maybe it's over and we won't correct further, but i would still not ignore the possibility. Ok go ahead slam the heck out of me Rock.

Just don't forget silver was at 45.00 and bernanke did his press interview Q&A and silver rocketed back toward it's highs just before it began tanking toward 32.00 a few days later. Anyone thinking the big money banks don't have tricks up there sleaves is just naive. Yes, long term they won't work, short term they can do some crazy things. Remember silvers margin hikes in short order? Big money sets up little money then pulls the carpet. Make sure this bounce has a little time behind it and holds up before going nuts.

I still expect oil to hit 85.00 at least at some point
Gold back to at least 1525.00 or lower at some point
Silver at least back to 33.90 or lower at some point.
A good indicator would be to watch the dollar at 74.50 or so and see if it holds up

Just an opinion.