GOLDBUGS AMEX Goldbugs Index (GOLD): Anything is possible. The miners have be...

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Saturday, 03/08/2008 10:01:47 PM

Saturday, March 08, 2008 10:01:47 PM

Anything is possible. The miners have been weak in comparison to the metal anyway. Friday, they wanted to close near their lows and any further weakness shows and they'll blow any upward momentum they had. POG/POS on the other hand have more room to work with. I sold out of GLD about 10 days ago because I saw the same signals being seen now. Welp, I ended up buying right back in when it defied chart logic. It seems the metal wants to make another stab at 1k. May not happen yet though. I think Monday will be do or die.

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