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just as predicted, a lot of rats jumped ship @ around 2k
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<p>[QUOTE="judgea, post: 1995823, member: 72280"]We didn't quite make it to 2k, but last month I predicted that we would see a correction at <i>or near</i> 2k, and we got pretty close before people started to sell.</p><p><br /></p><p>Again, I'll reiterate my sentiments from a month ago. Anyone who wanted to make a quick buck, did so. A lot of investors had been using gold as a hedge bet and just rode the swell until they made enough of the money back from their losses <b>everywhere</b> else.</p><p><br /></p><p>Today we gained $40+ and we are almost $200+ over six months ago. I'm going to go out on a limb and say we will be back @ or near 2k in three months . . . three months? Sound optimistic? It isn't. I'm actually saying that because I'm really pessimistic about stocks and I think many will see the lower gold prices as an opportunity to get into gold. When we were at $1900 the prospect wasn't as appealing, but now I think many who have been waiting for a drop saw their opportunity and, when the investors want a hedge bet next time, they'll probably be paying more than what they sold.[/QUOTE]</p><p><br /></p>
[QUOTE="judgea, post: 1995823, member: 72280"]We didn't quite make it to 2k, but last month I predicted that we would see a correction at [I]or near[/I] 2k, and we got pretty close before people started to sell. Again, I'll reiterate my sentiments from a month ago. Anyone who wanted to make a quick buck, did so. A lot of investors had been using gold as a hedge bet and just rode the swell until they made enough of the money back from their losses [B]everywhere[/B] else. Today we gained $40+ and we are almost $200+ over six months ago. I'm going to go out on a limb and say we will be back @ or near 2k in three months . . . three months? Sound optimistic? It isn't. I'm actually saying that because I'm really pessimistic about stocks and I think many will see the lower gold prices as an opportunity to get into gold. When we were at $1900 the prospect wasn't as appealing, but now I think many who have been waiting for a drop saw their opportunity and, when the investors want a hedge bet next time, they'll probably be paying more than what they sold.[/QUOTE]
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just as predicted, a lot of rats jumped ship @ around 2k
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