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designerportfolio

02/17/08 10:14 AM

#1979 RE: golden08 #1978

I must agree that gold is due for a major correction downwards soon. $650 target.

shortfloat

02/17/08 10:21 AM

#1980 RE: golden08 #1978

No way will gold drop to $700 let alone $600! Well, I suppose if the Forex pulls ALL the margin out of the metals it could see $600 but they would bankrupt their selves by doing so. I have seen so many bugs from the group I am in try to time/trade this bull and they get hurt most of the time. Its best to just buy and hold WITHOUT MARGIN if your long term and don't let the bucking Bull throw you off. The only trading I have done is with the miners and thats hard enough to do. I did however trade some gold in for silver in my pool acct when gold first hit $900, turned out to be a good move.