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Message: FAST MONEY POLL on gold

FAST MONEY POLL on gold

posted on Mar 19, 2008 05:02PM

s the bull market in gold over? * 915 responses
24% Yes,the 7-years run is done
76% No,this is a buying opportunity.
Not a Scientific Survey. Results may not total 100% due to rounding.

where ware those morons last 7 years now gold at 950$ they woke up and start to talk about gold at CNBC hahahaaa said topping run in gold over? hahahaaa look at the veteran market analist Richard Russell at Dow Theory Letters, Inc. what he said about gold ...

Stream of consciousness -- Goldman to the gold man to gold. Below we see a P&F chart of GLD, the exchange traded fund for gold. It does look a bit extended, don't you think? GLD could correct back to the 95 box and still look bullish. Of course, every gold-bug would love to see gold hold stubbornly above 1000, but today's action dashed those hopes. I've been a bull on gold ever since 1999, and I've never tried to time the moves. My a theme song has been, "Ride the gold-bull and don't let it buck you off," and so far that's been the way to go. I've always maintained that the hardest thing to do in this business is to get into a bull market early, stay with that bull market, and ride it to somewhere near its final top.

I don't believe we've seen the phase of frantic global gold-buying yet. That phase, I'm convinced, lies ahead. The gold bull market should wind up with some eye-opening fireworks. It should end up in a state of speculative fever. Or as my old-timer subscribers remember, "There's no fever like gold fever." Believe me, we haven't seen the gold-fever yet -- at least not during this bull market.

http://www.cnbc.com/id/21013048/site...

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