When it goes up this fast, expect some profit taking.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
There haven't been and significant profit takers for weeks. The only real down blip was last Monday's following the G7 meeting. And that was artificially induced by the PPT. Seems like $800 is already lost to the cartel. They are too busy defending the home front on the liquidity crisis in commercial paper. Tens of Trillions more to still lose there.
I didn't say we wouldn't see profit taking but proposed another alternative that I considered just as likely. Profit taking lasted a coupe of days in the 715-720 area and again last week in the 755-60 area. Upmoves have been much stronger...when profit taking gets here it may suprise some but as Ricko points out, that may be a while. --Jerry
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
It does happen to be gold bullion.
I knew it would happen.
<< <i>Posting a coin to appease the ones who think that all we do is talk about markets:
OK
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
roadrunner
<< <i>
<< <i>Posting a coin to appease the ones who think that all we do is talk about markets:
OK
Neat dollar ya got there. Who stole the date? Just kidding.....
<< <i>
<< <i>
<< <i>Posting a coin to appease the ones who think that all we do is talk about markets:
OK
Neat dollar ya got there. Who stole the date? Just kidding..... >>
Heheh , it's a beauty
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
WOW! We may see gold at $800 this week!!!
Depending on whether you live in the U.S. or Canada!
My Adolph A. Weinman signature

Proud recipient of two "You Suck" awards
<< <i>I doubt it. Thank you profit takers. >>
Wishful thinking?
I didn't say we wouldn't see profit taking but proposed another alternative that I considered just as likely. Profit taking lasted a coupe of days in the 715-720 area and again last week in the 755-60 area. Upmoves have been much stronger...when profit taking gets here it may suprise some but as Ricko points out, that may be a while. --Jerry
Fred, Las Vegas, NV
Keith