Pacific Gold Corp fka PCFG

[whatisthecolorofmone]

Wait and See and Buy Gold

By Jim Cramer

About this article:

Are we witnessing the sell-off we thought we would get before the election, when there was much more fear that tax rates were going higher on capital gains? Are we witnessing presidential intransigence that is exacerbating the sell-off? That's something Dan Fitzpatrick suggested to me as we perused the charts to see if the breakout levels can hold. Earlier this week, on my Tuesday Off the Charts segment, Dan suggested that many of the key indices -- from the retail and bank gauges to the Nasdaq and Dow Jones -- had broken out and were destined to go higher. There was certainly wiggle room, but the thrust was that you wanted to buy any weakness whatsoever as we retreat toward the breakout levels. Is the monkey-wrench of taxes going to play havoc with these levels? Dan thinks we have to wait until the end of the day to...

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