good reason for Portee to be right and gold to go down

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

cedartree

Rank: President [?]

Points: 7241 [?]

Votes: 132 Score: 4.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

good reason for Portee to be right and gold to go down

in response to

Re: The Newfie Walking Stick and why KXL has risen - which way

cedartree

posted on Sep 12, 2009 01:35AM

http://www.ritholtz.com/blog/2009/09/gold-net-longs-at-record-highs

When market sentiment is that skewed (extreme extreme pro-gold), the market takes the fewest survivors possible with it ....

There are plenty of reasons for the dollar to go down and gold to go up, but that doesn't mean the time is right now today. When the enthusiasm gets shaken out, THEN gold will likely rally big.

I don't think the KXL story right now is gold price based at all. We have a story and a NR coming up.

5 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply