Replies to post #18215 on Mostly: Classical

[ItsAllCyclical]

That's part of my reason for being nervous being long anything here. However gold and gold stocks have done really well relative to the market and the Dollar ST. Lastly there is the fact that gold has broken to all time highs in everything except the Dollar.

This chart is still working pretty good for me (NYSE)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34840737

I'd still expect some sort of small bounce on more BS news about a bad bank or some other solution that won't work. It's looking more and more that the lows in the general markets will be tested so we're in agreement on that. If the rate of decline is too fast then I think gold/PMs will suffer more profit taking, otherwise I'm more bullish than bearish ST on PMs.

I did reenter AUY at 7.77 this morn, but will use a tight stop probably around 7.70-7.65. MFN at current prices looks good ST TA and LT FA wise.