Your post from a week ago hit it on the head. Nice call Jon.
"Posted: Mon Jun 05, 2006 10:44 pm Post subject: Reply with quote
good idea, let it prove its ready for its next upleg, I'm a long long term buyer so I'm buying weakness regardless... Gold will be very choppy next couple weeks... they just removed the Gold $75 contract limits and increased margins so I have a feeling they are setting the stage for some BIG moves....
my best guess is some scary pushes lower to scare the weak and some more chop before we continue the move to $1000/oz by year end..."
EXACTLY what happened today