InvestorsHub Logo
Followers 17
Posts 965
Boards Moderated 2
Alias Born 07/08/2002

Re: Frank Pembleton post# 18215

Monday, 02/02/2009 11:51:43 AM

Monday, February 02, 2009 11:51:43 AM

Post# of 19037
That's part of my reason for being nervous being long anything here. However gold and gold stocks have done really well relative to the market and the Dollar ST. Lastly there is the fact that gold has broken to all time highs in everything except the Dollar.

This chart is still working pretty good for me (NYSE)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34840737

I'd still expect some sort of small bounce on more BS news about a bad bank or some other solution that won't work. It's looking more and more that the lows in the general markets will be tested so we're in agreement on that. If the rate of decline is too fast then I think gold/PMs will suffer more profit taking, otherwise I'm more bullish than bearish ST on PMs.

I did reenter AUY at 7.77 this morn, but will use a tight stop probably around 7.70-7.65. MFN at current prices looks good ST TA and LT FA wise.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.