RE: Reason gold is NOT going to 250 con'tooops got so excited i hit the "return" button LOL !!
As i finish my tirade- i agree with the bulk of posters who say gold could "correct itself" . Possibley test 300 + levels.. I dont think this is the BIG one- i just think fundamentally gold is undervalued- talk of 1200+ an ounce will only get some people burned in the long run. POG will attempt 320 and SOON. Those trading short term will reap short term rewards, those in for the long haul- put these stocks away and forget about them- cuz when the tree starts to shake- is probably the time to get in (e POG 300ish)
I think whats mopre pragmatic is POG up to 325 ish, then a retracement- followed by another run to test 325. So take some profits- but DO NOT get caught NOT holding any gold stocks. Thats the way not to get burned in the long run. Comments?
PS- THose who play with unproven juniors should beware the most- as thats where i would take some profits. As for a company like K- something(besides POG) is also lurking behind this baby- dont gewt caught NOT holding!!! You can always average down a few times if need be!!!! LONG ON GOLD!!!!! YOu shorters- go ahead- its a loaded gun your playing with!!!!!