(edit) No when I was talking numbers/targets purely the S&P. I see what you see in gold. I do think the potential is there for a big move up soon. NXG and IAG may be leading the way (very odd there). Both broke to the upside recently. I just think we need at least one more decent shakeout before we can begin in earnest. Gold has been doing better of late because people are worried about inflation again. Maybe the global economy isn't so bad and all this money will cause inflation. Anti-Dollar plays such as oil, food, natural have done well of late and I believe have outperformed gold ST. I'd like to see gold moving opposite the general market again. I'd like to see us take out 920-930 decisively on volume if possible. And I like to see gold outperforming oil/food again. I think what'll happen when the markets start heading down again the focus will go back to deflation. In that environment gold, markets will probably go down together again for a while. Again how long I'm not sure. Gold stocks are at a cross-roads here imho. Right now I'll wait for more of a trend before I commit.
PS - I often tell people I'm wrong 40% of the time which is probably true. I just bet more on the trades where I have a higher confidence so over the long haul I do ok. So that said listen to me for entertainment value mostly.
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