GOLDBUGS AMEX Goldbugs Index (GOLD)

[CaribbeanJim]

I agree with you Picassa. The new bull run in gold and silver is exhibiting classic bullish formation inside the Bband lines. Sentiment low among the small traders bottomed out several weeks ago and is now heading back up.

That only thing that could give us a lower low at this point is another liquidity bombshell where the stock markets tank around the world and gold/silver need to be sold to raise cash. To me, that is no big deal as that is a MAJOR opportunity to buy more at even lower prices.

I do plan on unloading some of this stuff on this next round when gold is well above $1000. I will sell off mainly my junk silver halves, quarters, dimes, etc. and some of my Peace dollars. I will hold on to most of the finer unusual stuff that I bought.