Ride the Tiger with CD Message Board

To: Veteran98 who wrote (214461)	4/17/2012 2:10:39 PM
From: Nevada9999	Read Replies (2) of 228049

This chart seems well set up to provide the scariest environment imaginable and hideously end this nightmare. Gold is perilously clinging to the 50 week ma. stockcharts.com Probably the worst that could happen would be a short false rally from here than gold slices through the moving average and goes directly to 1480 when someone tastes their Krugerand, realizes they can't eat it and instantly decides to sell 20 million paper ounces of gold in five minutes. We all know the story. It's hard to believe it won't happen, but take heart in the bull flag here. There is central bank demand out there and I can't see gold being pushed through the bottom of this flag. It is a very bullish long term pattern. If gold plummets to 1480 gold stocks are sure to get creamed, but if I can pick off this pattern I'm sure some smart money is watching too. Gold stocks are way oversold and there is bound to be large buyers as it becomes increasingly clear how manufactured these one day gold crashes are. Some of the gold stock buying may even come on behalf of major gold producers buying shares of companies on their acquisition lists. I wish I was smart enough to save all my powder for the final selling climax, but I'm not. Gold stock sentiment is truly horrible and gold price fundamentals are just plain bullet proof long term. This is nearly over in my opinion, but it looks to end ugly...