Replies to post #32662 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[xero90]

hmmm, 3-yr average (156 weeks) is 13.5k ish -- let's see

[the cork]

DJIA is overpriced at 10K let alone 13. It's headed down for sure, but not because of any charting BS. It has more to do with QE infused HFT painting the tape to distort the market where the central planners want it to go. Gold too of course. They will wrong foot the suckers the way they always do, and then laugh at 'em.

[trdwatch]

Trying to think of another possible out come. The DOW drop could be a double edged sword for miners if instead of the typical run to liquidity and the $USD, the dollar falls with it and the run is into gold and silver thus making our miners go up. The blatant manipulation holding gold down and the $USD up by the Fed, commercials and Specs could be a slingshot being pulled back for a launch to $3,000 gold. Like I said, this manipulation could be going both ways, one setting up the other.

Just another way to see it.