Wednesday, July 30, 2008

POG

Looks like it's headed to $888!!!!!

2 comments:

Fishfood said...

I think (and hope) your friday selloff scenario will play out

The $ is due for a fall
Housing is gonna fall
Financials should fall as well
Fed meeting tuesday (hold or raise but no fall - I'm 50/50 hold or raise)
Grains are stopping their freefall

What we need is a buttom in oil - period!!!

Still underwater with the miners
and only one EFT - SRS bought last night at 89,5

JoeGoog23 said...

I'm 100% on hold for rates Fish. This oil pullback might actually get them into more of a Hawkish statement which could help us (gold). Miners are getting VERY oversold and GDX touching EXTREMELY STRONG support.