Take the 3% and run, run, run.
posted on
Apr 01, 2008 10:38AM
I have no faith that "the rally" will be sustained through the end of the day. According to the Kitco charts I just looked at Gold, Silver Platinum etc. all bottomed earlier this morning.
How can a .3% rise in homebuilding cause a spike because there is too much home inventory already.
I think it is a total market short cover panic and will be over quick.
Those of you who like KRY under $2 can leave a limit buy order there, but I think we are going to channel between $2.15 and $2.40 that's my guess IMHO.