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Message: HELP!!! It's Getting Very Tricky Here In The Gold Sector Right Now.

HELP!!! It's Getting Very Tricky Here In The Gold Sector Right Now.

posted on Sep 03, 2009 06:10AM

HELP!!!

It's Getting Very Tricky Here In The Gold Sector Right Now:

Gold seems poised to break out, and up through the $1,000 "ceiling". While, gold stocks appear also to be headed north, far north.

Some often cited reasons for this are: those fleeing the USD, a hedge against inflation, seasonality, and positive technical indicators from chart interpretations.

So, are we really "off to the races" this time (again)? That is, are we off to a sustained level above $1,000 gold?

Since, as many are predicting, we are soon headed for a big big mkt. fall this Fall. So, if/when this happens, and there is a general sell-off/liquidation/crash, like last year, then when and by how much will the PM sector suffer?

Baires

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