Some... I just joined this board in recent times but have predicted these markets and posted on these boards dating back a year and a half about the stiff markets and stock price performances with great accuracy. This is what my education, training, and experience has taught me, as opposed to high school drop out meth taking gold gurus and hype posters. Yes I do make mistakes too but economic trends are rather easy to disseminate and there are always news events (like 911) that alter market perceptions. I predicted OLE's downfall from a buck and I am seeing it drop further UNLESS an earth shattering event happens here.
I have seen one well known meth taking gold guru recently predict $3,500 gold. Perhaps down the line as the fundamentals need to change over the next 2 years. I own gold and gold stocks since $300 per ounce and would LOVE to see even 2k gold happen again. I never predict past 12 months and prefer only up to six as a thousand variables can occur in that time frame. For the record here is my market analysis going forward.
Today's TSX/Venture market losses on U.S employment numbers and record high oil inventory supplies were a bit of an overkill in my opinion, however when you add it to the current European debt problems (China's largest consumer group) it exacerbates the current market climate. Venture is dropping faster than even I anticipated and expect it to drop at least another 100 to 200 points into the summer. Avoid adding explorers and buy oversold producers at their lowest peaks as the markets have not seen bottom yet.
Gold will continue to be sideways at best as I have been prognosticating and posting on these boards for the last year and a half as "all asset classes including gold and gold stocks" (posted this over a year ago repeated this hundreds of times) "will be sold to cover margin calls and other market losses". When the U.S. markets start to show a continuous reverse trend downwards or cooling, and the imagined flight to safety the U.S. dollar we will see a rise in gold again. Until then gold will be sideways at best for the next 6 months at least. As I have also been repeating drill results and reports will be a good sell on news in these markets and met with a yawn.
| Time | # | Size | Bid |
| 15:54 | 1 | 13,500 | 0.405 |
| 15:58 | 1 | 37,500 | 0.395 |
| 15:01 | 2 | 7,500 | 0.39 |
| 04-Jan | 1 | 10,000 | 0.38 |
| 15:54 | 1 | 22,500 | 0.365 |
| 13:06 | 1 | 15,000 | 0.36 |
| 12:57 | 1 | 9,000 | 0.35 |
| 12:20 | 1 | 10,000 | 0.32 |
| 15:41 | 1 | 10,000 | 0.31 |
| 12:57 | 1 | 12,000 | 0.28 |