RE: RE: RE: Selling Pressure Build Up That's a great line: "while others are too demoralized and paralyzed in the fetal position to do any buying or selling."
As much as that made me laugh i had to reflect as to how i've been in the past when placing large positions in the market and finding out the next morning that a big selloff is in order ... not wanting to take a loss and not looking forward to average down into what could be a catch a falling knife syndrom will turn anyone back over to the fetal position in a hope that another 1/2 hour snooze will make it all better. LOL!
Look at goldcorp and many others have taken big hits lately with what could be only a bail out of gold stocks on the thought of a dept deal that could sell off the PM's with a rally in the USD.
I would see this as a buy op as gold will hold more stability with the Euro problems still aroung and US dept problems and slowing economic forcasts still around.
That said, IMO silver would be a better short play in the near term.