........How About The Babbling Senile Gold Pimps!
Life simply isn't as easy as the babbling senile gold pimps try to make it seem.
First of all, most of the gold sleazebags/losers/goofballs are either trying to sell their newsletter, their website, or, are trying to promote their gold mining company's stock, which in some cases has no proven gold resources, no earnings, and, probably won't have for a long time IF EVER.
Even most casual gold bugs probably understand that a very long term 20 yearish Secular Bull Market is probably (one can't say 100%, one can only discuss likely scenarios, another major flaw of the gold pimps) in effect for HUI/XAU/gold, after a 21 yearish Secular Bear Market occurred from 1980 until April 2001 (gold actually bottomed in 1999, but, didn't begin bull market behavior until April 2001, when a double bottom occurred).
I feel that gold will reach $1500ish in the Wave 3 Cyclical Bull Market and $2000ish in Wave 5, but, I also look for gold to fall to $500-525 in the imminent/soon to begin (if it hasn't already) Wave 2 Cyclical Bear Market, and, maybe will fall to $700ish in Wave 4 down of the Secular Bull Market (hit it's primary multi year Secular Bull Market uptrend line, which is basic technical analysis). Life just isn't as easy and simple as the gold pimps try to make people think it is. BEWARE of con artists and clowns.
The US Dollar put in a Wave 2 intermediate term cycle low at 74.85 on Friday 2-1-08, see http://stockcharts.com/charts/gallery.html?%24usd, and, put in a Cyclical Bear Market cycle low in November 2007 at 74.48 (probably entered a Cyclical Bull Market in November 2007).
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
First of all, most of the gold sleazebags/losers/goofballs are either trying to sell their newsletter, their website, or, are trying to promote their gold mining company's stock, which in some cases has no proven gold resources, no earnings, and, probably won't have for a long time IF EVER.
Even most casual gold bugs probably understand that a very long term 20 yearish Secular Bull Market is probably (one can't say 100%, one can only discuss likely scenarios, another major flaw of the gold pimps) in effect for HUI/XAU/gold, after a 21 yearish Secular Bear Market occurred from 1980 until April 2001 (gold actually bottomed in 1999, but, didn't begin bull market behavior until April 2001, when a double bottom occurred).
I feel that gold will reach $1500ish in the Wave 3 Cyclical Bull Market and $2000ish in Wave 5, but, I also look for gold to fall to $500-525 in the imminent/soon to begin (if it hasn't already) Wave 2 Cyclical Bear Market, and, maybe will fall to $700ish in Wave 4 down of the Secular Bull Market (hit it's primary multi year Secular Bull Market uptrend line, which is basic technical analysis). Life just isn't as easy and simple as the gold pimps try to make people think it is. BEWARE of con artists and clowns.
The US Dollar put in a Wave 2 intermediate term cycle low at 74.85 on Friday 2-1-08, see http://stockcharts.com/charts/gallery.html?%24usd, and, put in a Cyclical Bear Market cycle low in November 2007 at 74.48 (probably entered a Cyclical Bull Market in November 2007).
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
8:58 AM
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