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Re: Epic post# 35180

Monday, 08/29/2011 12:54:26 PM

Monday, August 29, 2011 12:54:26 PM

Post# of 52591
Gold is trying its damnedest to find a rest home for a few days in the mid to low 1700's but just isn't getting there too fast...

Will the gold boom sober off or will it take off again as many see the end of the world in their crystal ball. Gold should come off the fat run it has had. The $200 drop still places it quite high for the correlation to currencies but as you can see..no one cares about the fat premium in the price of gold.

Our GLD and SLV ETFs want to run forever but in reality, they can't can they? 5 hour chart makes gold look like it going to see weakness for days...jmho

mb

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