Re: Another Short Term Take on Gold Stocks
in response to
by
posted on
Apr 20, 2010 10:18AM
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Puzzleman,
There is no issue regarding the long term. Your analysis is excellent IMO. It is the shorter term moves that Baires and I were discussing.
BTW, please pull up the following 2 charts and compare them:
$NDX from Aug 1994 to Feb 2000
$GOLD from Aug 2005 to present
Notice a striking similarity? If this plays out congruently, your 1300 measured move is way too conservative.
Strike