trade difficulty (scale of 1-10): 9.5
as the golden guru sinclair put it, we're going to have a fierce battle to and through 1000/oz in the POG (price of gold).
right now, this is the only thing that i am sure of regarding the market. the battle up is going to be a fierce one and a consolidation for gold will occur before a clear break through 1000 is made. i am still bearish on the markets and expect significantly lower prices, but the volatility and uncertainty in the markets do not let me take any definitive positions.
if you are the average trader, i do not suggest taking this position. if you are the long term investor, wait until prices come down a bit and then buy your mother load because when AUY has earnings later this month, i expect to be seeing even higher prices than what we're at now (above 19/share).
GL
$18.86 (03/06/08)
