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Monday, April 13, 2009 5:56:50 PM
yeah, I figured you'd notice...
anyway... you're tempted to go long? When IMHO the markets look rather exhausted. My wild ass guess going forwards, and probably starting tomorrow is a mild correction - possibly as much as 10% - the kind of correction that's mild and somewhat a tell of how bullish the markets will be for the next couple of months...so yeah, buy the pullback.
...as for gold - gold stocks suck horribly, it's like goldbugs have left the sector to play bank stocks - but the physical is where the better bet is and will be as long as there's a gap between the $GOLD and XGD.TO - I'm still long the index only because of the chart on the physical is so nice...and it's working inversely to the US$ as it should - so if it continues to rise, I'll buy one of the funds that tracks bullion.
- note: as of the time of this post $GOLD has yet to be updated to todays date.
anyway... you're tempted to go long? When IMHO the markets look rather exhausted. My wild ass guess going forwards, and probably starting tomorrow is a mild correction - possibly as much as 10% - the kind of correction that's mild and somewhat a tell of how bullish the markets will be for the next couple of months...so yeah, buy the pullback.
...as for gold - gold stocks suck horribly, it's like goldbugs have left the sector to play bank stocks - but the physical is where the better bet is and will be as long as there's a gap between the $GOLD and XGD.TO - I'm still long the index only because of the chart on the physical is so nice...and it's working inversely to the US$ as it should - so if it continues to rise, I'll buy one of the funds that tracks bullion.
- note: as of the time of this post $GOLD has yet to be updated to todays date.
FP........................................................
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