Replies to post #340330 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

i agree on the gold sector. Very bad action indeed!

[pantmaker]

Watching gold here too...how low you see it going?

pants

[was Steve]

the xau is now a lot closer to 95/96 which is where i would like to venture in assuming things look right

[Fred Langford]

Opie,

Got a possible target for some nibbling?

Fred

[gtober]

I think 90 is very possible on $XAU. That would be a bear-flag target. Regardless of the bear-flag, $GOLD has just put in its first lower high since MAy.

[opnion]

a print of 427 on gold and $hui 200- 205 should be at least a short term trading spot. $hui looks like it wants to see 187-190 awfully bad over time. 420 on gold would likely be an excellent spot as far as risk / reward on gold. $gold will likely attempt to take out the highs of the 455 area maybe getting to 448 in this quarter but it should fail to take the highs out right now.

[basserdan]

I would Not be buying the miners still as yet, the $hui has lower to fall likely as does the price of gold.
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Hi opnion,
Kind of a late response, but Ive just gotten back to Ihub....

Fwiw, I've long felt that $420 would fall and I see nothing so far today (1-3-05) to make me want to alter that view....

In fact, tho we haven't seen the $420 level yet, the contrarian quotient of one of Financialadvisor's Dec. 27th moronic absurdisms (see below) has made me more resolute in my belief that it is only a matter of time until we see a $420 print.

"As far as the price of gold hitting $420/ounce, good luck there too, that's going to take some tremendous manipulation. While the $USD might stage one more (bounce) rally before it ultimately heads towards the dog house, $420/gold is going to be very hard to achieve, and would only be a favor to the Asians, they love gold." #msg-4932612

Another of financialadvisor's 100% witless comments from 12-27 has already proven to be 100% wrong as today's low is already lower than any previous December low.

"James, if you bought $ilver coins last week, way to go, you'll never see those prices again, ignore the noise that some try to create. Nice reversal in WTZ today, I was watching that, $ilver may never look back." #msg-4931831