RE: RE: RE: GOLD & SILVER FUTURES > DROPYour right, the market has spoken. Gold off 20% and stocks are off 40%. All the things referenced here by Halia tell me that gold remains the safe haven and stocks are headed for a lot more hurt. I can't see stocks even slowing their decent until the 6500 range. It depends how you look at the timing. If you hang on every day or every week you are doomed. This market really has to be played on a 70 day cycle, keeping in mind the the gold trend is up and stock trend is down.
TSX-V is being hurt by whats going on but good gold stocks and well financed jr's with cash and good ground are not far from their day in the sun. Besides it is time we weeded some of the $hit jr's out of the system as they are just distracting honest investment and mainly mining the public. It would be nice to see about 75% in the shreader where they belong. I know I am running on logic here and these markets have been anything but logical but you have to stick with something your comfortable with. Until the Comex comes to a place where they can't or won't sell anymore gold it is likely to remain under pressure. Gold losses will still be a lot lower than major markets like DOW, NASD, TSX and most overseas markets. I feel safer with my money in gold than in a bank right now. The fact that they are trying so hard to reassure everyone that their money is safe in the bank should be enough to scare the crap out of you.
If the G8 decides to move towards a new version of the Bretton Woods using gold as a peg rather than some countires printing press they may be able to stabalize these markets but trying to figure out every countries debt and the amount of fiat they have is the system will be a politcal nightmare.
Anyway, Halia hasn't said anything here that isn't fact I just think that the inference is that gold will do worse than investments in markets such and the DOW and NASD. What the article confirms is that things are going to get worse in the stock markets. Ignore the day and weekly bounces as they are just part of this panicked market. DOW/NASD trend is down, gold trend is up. Not saying it won't see 750 but it will recover long before DOW ever sees 12000 again.
YRI, G, RGL, ABX, MDN and many more are great investments and what a buy right now. Downside is 0-20 upside is 20-80.
Good luck, No debt, no margin.