Replies to post #18882 on Value Microcaps Free-For-All

[roguedolphin]

<<"RD, Why do you selectively post the gloom and doom posts from Mish and forgot some positive ones like this:">>


Would it not be "gloom and doom" if Gold rallied to $2000-$3000 an ounce right now?

I usually post the articles from Mish that I agree with. I don't believe Gold is ready for it's "super rally" just now. Gold can rally here a bit but that will probably just suck in new fresh buyers for the future selling pressure that see.

Gold did not reach my downside objective yet so I don't think it's Gold's time just yet.


Of course I can always be wrong ....but if I'm wrong here I'll admit it and be ready to get bullish on Gold again.

[lentinman]

CL:

I would agree with Rogue on this. If gold is ready for a major upturn, it can only be bad for the economy. For gold to ever be $2,000+ per ounce, it would almost certainly portend economic disaster.

I suppose if a person were all gold, that would be a "positive", but if a person were all short, a collapse of the markets would be "positive" too.

Len