Replies to post #23408 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[Fishpert]

<<THE BEAR IS BACK AND THIS TIME IT WILL BE MUCH WORSE>>


Yep. But I'd be careful on any new short positions. Too many
indicators are bottoming. Some chartists think the S&P will rally back to as high as 1345, carving a right shoulder, then the big crash occurs. This would be around early August going into Sept. I believe August 2nd is when the debt ceiling has to be raised, so a contra trend rally now seems right.

CEF closed at the low of the day, IAG is being drawn like a magnet to 15.50,

This chart looks awful: