RE: RE: RE: RE: Gold> $1,900Gold still climbing...hmmm...such exuberance.... it looks like I am going to have to briefly go short K at this point, Hate that, but that is what my instincts and analysis are telling me at the moment. Lets see another $.50 pop in the morning, then a $1 slide by the close....or within a day or two. Got rid of the Sept calls because they expire on the third Friday of the month, and that might be a little out of step with the imminent POG correction. imo
Rate this post what you want. Those who rate it low do so out of jealousy imo. I was very bullish on K when the majority here were bashers and have reaped my substantial rewards. The profits are the only credible judge in this game.
Keep in mind that Ben will be influencing the markets on Friday. IMO, Gold gets to breathe a little while some of the other market havoc victims gets a little infusion imo.
The good news is that the miners have lagged bullion so a $200 dip in the POG should only have a short lived negative influence on the miners before the longer term bull trend continues imo.
You don't want to delay a needed correction too long, or the corrective action will be grossly exaggerated.
GLTA