1. Most Discussed
  2. Gainers & Losers

gold's imminent correction & buy back in strategy

  1. quid

    73 posts.
    Extract from article.......

    Because gold and gold stocks have run so far so fast in recent months, and gold is far above its new uptrend channel, and gold-stocks are bumping the top resistance line of their own new uptrend channel, I believe it is reasonable to expect a healthy pullback in the coming months. This pullback could conceivably drag us all the way back down to the 200dmas, today around $325 on gold and 125 on the HUI. This will be terrifying for gold and gold-stock investors not expecting it, but for those who are the buying opportunity will be immense at the next interim low.

    For full article go here.........

    http://www.gold-eagle.com/gold_digest_03/hamilton021003.html

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top