Replies to post #8895 on Zeev's Turnips Patch-No Politics (ZEEV)

[Koikaze]

Lemming, as long as you understand that I'm not real good at this "seeing" thing, my expectation for the future of gold is based on the opinion I expressed.

1) I believe (until I know better) that there was a major intervention to shore up JPM, and gold was only one small part of that equation.

2) I don't think interventions are particularly effective, except for the purpose of buying time.

3) From that, I'm tempted to think that gold will rebound. If the price was artificially supressed, the rebound will carry to higher highs.

4) I was unaware that Zeev had anticipated a drop in the golds when the Nasdaq bottomed, and I think his opinion has a better base of knowledge than mine.

Fred

[Ace Hanlon]

I started to get back into the gold sector today. Picked up a little RYPMX which closely tracks the XAU.

I doubt that the gold stocks will bounce much anytime soon. But prices are low enough for me to start accumulating for the next phase of the gold bull which I expect to begin sometime this fall.