Gold surge Wed to Friday this week?
posted on
Dec 02, 2008 07:31PM
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Take a look at the dollar and gold charts tonight:
http://www.gold-eagle.com/editorials...
This is a great technical set-up for a dollar break-down to 82 and lower, with gold going up about $125 to $900 by Friday. Yes, these are the irresponsible projections of an optimist, but that's my call. Tyhee won't hit 10 cents again. People who have not bough up at the lows may feel they have missed out, but it's good buying all the way up, and at a deep discount until above 60cents or so. Just watch our market cap make the drive to 100 million!
Confidence in the US bail out packages, the enormous expectations that Obama will put together a massive spending package, trillions even. And the dow retesting it's low, all seem to me to be indications that the run-up in the US dollar, from July to now, is over. Do you hear that sound?
(how do you type a whistling sound, like a bomb falling from the sky????)
When gold retakes $900 with upward momentum, and the kindled interest in juniors now taking flame, how quickly can juniors re-take their suitable valuations? I think it will only take a 3-day rush, as it reflects a sentiment shift. I am visualizing seeing 25 cent moves in Tyhee...
Anybody want to sell me more shares tomorrow? I'll take another 30,000 just for breakfast.
SKELEG