Replies to post #4873 on Extreme Deviation Automatic Price Targeting - "X_D (BTC-USD)

[Myst]

Lou.........

2 things going against gold.

1) It is a heavily manipulated market.
2) It has an inverse relationship with the dollar.

I think the dollar is due for a rebound (already started actually) which will hold gold prices in check.....but I expect a lot of choppiness in the dollar and gold in the short term. The dollar will prevail in the intermediate to longer term.......in my opinion, and that and $4.00 you can get a coffee at Starbucks.

Here some more technical goop on gold if interested:
http://tfc-charts.w2d.com/chart/GD/23

[Myst]

Hey Lou,

If you want to get the board some action, just ask 'em who they think the Joe millionaire dewd picks.....Zora or Sarah.

gg :-)

[RoboAIMer]

Lou --

In synch with my obsession du jour... :-)

For whatever it may be worth, mining is the current #1 sector, but mining(gold/silver) is the current #4 industry group, and falling I believe (don't take that to the bank, I'm still learning...:-) ).

Current #1 industry group is machinery(automation).

All of this courtesy of my 5 week trial of VectorVest.

Enjoy!

Robo

[bertmartin]

Lou
Just to give you a little support, here is what Phil Erlanger thinks about gold:
"The major upside count is still very realistic, and could take the index past the 80 level. It's never etched in stone that major counts must be reached (there are no certainties in trading equities, especially gold stocks.) However we observe recent sentiment shifting towards jumping ship on gold. This is constructive and (we would argue) a necessary step in the achievement of the major upside count."
He's long AEM.
Bert