Merrill Lynch (MER)

[Wolfin]

In Gold it is not an everyday event...it is in a solid uptrend Bull market.....it will outperform everything in its own time.....to play Gold you either buy physical Gold and or quality gold shares (gold companies without forward sales attached in great gold mining districts) then forget about them .... they will pay off handsomely when Gold gets to $1650 and the US dollar hits .52......that is the up side for Gold and the current bottom for the USD....the problem is the OTC dirivative exposure still out there (approx. $500+ Trillion) that is being hidden for now but will come out in spades...then the market will take a crap of gigantic proportions but gold and its shares will go up like a missile to the moon exceeding what happened in the late 70's and 1980......the difference this time is how far past $1650 will it go up and how much lower will the USD fall below .52......

There is even the theory that the DOW and Gold will meet at a level which will be scary....

The other thing that will be different this time is gold will not drop like in the 80's but hold its value at a much higher value and the US Gov't may once again hold Gold as it did in the past to back up the USD.....

So daily events in gold are just noise.....2011 or sooner is the time frame....do you have the patience?????

Cheers