The New CS Board

[ahimsak]

Gold will hold at recent lows for awhile, but 1200 is possible later this year, when the recession hits hard. I see 3000 in a few years, but not anytime real soon.

Feeling dumb holding onto my gld, have made as much on the hedges the past couple months as i have lost on buying it, avg price 156.

Bottom line: Looks like a blow out in gold, time to buy soon for a run up for a couple days, then wait for the next dip to buy for at least a decent 10% run before the final drop into the financial panic later this year.