GOLD RUSH

[Jimbob]

Hey Murray, I have a couple small long positions and when the XAU closed up I said "safe for another day" because I was happy the XAU did not go down. I was not making any forecast when I made that comment.

Elliott Wave and your Max Pain chart are both calling the 100 mark on the XAU. If this number is breached I am closing my few small positions and waiting things out until my other system says it's time to buy again. I am looking for support in the 102 area, and if this holds it's possible that the current Elliott count is correct and wave 5 will play out before a larger drop in the index occurs. If 100 is breached then the count will change and a corrective wave will be on the charts with more downside.

I like to chat on the message boards but you can see exactly what I am doing at my web site. I even enjoy speculation but I can't make any money doing it.. hahahhaha

Hope you have a good holliday...

By the way.. today stunk.. and I do think that we drop to the 102 range for sure... But don't play on my guesses, you will go broke. :o)