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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,846.59
(
-2.49%
)
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Re: Lojiko post# 8076

Thursday, 02/24/2011 7:46:01 PM

Thursday, February 24, 2011 7:46:01 PM

Post# of 26631
The SP is going to correct some, I've come to that realization. The weak longs are going to sell and try to get back in at a lower price. That could be a dangerous game to play also because news can come at any time and the SP move right back up with it.

As far as the POG is concerned, I believe we will continue to see it elevated as long as there's uncertainty with the price of oil and currencies. Gold will always be a safe-haven and the dollar has continued to drop, not rise in this environment. That is very telling IMO.
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