Comments on: Don’t Be Fooled by Gold’s Tired Look

By: Keith

Keith — Wed, 01 Jul 2009 13:05:26 +0000

Occdude, I agree.

[" I just don’t see stocks going lower if gold is going up and it seems stocks are going lower. Also, I see the dollar getting ready to go higher and I don’t think gold is going along for the ride."]

The market action has been obvious and until it changes I won’t be holding my breathe either. Dollar up, stocks down, gold down. OR Dollar down, stocks up and gold up.

By: Occdude

Occdude — Wed, 01 Jul 2009 05:50:09 +0000

Capitulated stock buying. It’s not the shorts that are going to call the top, it’s the sucker money (frenzy buying, happy days are here again etc.) watch for it! Remember, the stock market HAS TO leave a very bad taste in your mouth before a new sustainable rally can re-form. The very mention of stocks will send the average person running to the toilet, dry heaving, and that’s when you should be investing. Gold, watch the NECK of that inverted head and shoulders, very critical point, I’m not as optimistic as you are Rick, but I’m a survivor and ready switch if the data calls for it. I just don’t see stocks going lower if gold is going up and it seems stocks are going lower. Also, I see the dollar getting ready to go higher and I don’t think gold is going along for the ride.

Got major news in the pipeline, an overextended rally that’s fishtailing and of course THE FUNDAMENTALS that say the current rally needs a breather.

By: Keith

Keith — Wed, 01 Jul 2009 03:36:52 +0000

“we recognize that stocks could continue to rise nonetheless, in a warp of cyclical insanity, until the last bear has thrown in the towel.”

Rick, I agree. I think the stock market could continue this rally much longer then most expect. It would be a perfect set-up to take many by surprise.
Both the shorts and longs are going to feel pain before this whole financial/economic crisis is over.
Gold, it will make its launch when it’s least expected.