You've Got To Be Kidding Me

A discussion on gold, silver, and the markets.

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Location: Freehold, NJ, United States

Married with two children and one toy poodle which was not my first choice but I like her anyway. Been on the Street since 1989, mostly as a retail broker.

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Sunday, March 16, 2008

Why am I worried about tomorrow

I guess it's just being a gold bug and having my brains bashed in. How many times have we had a great overnight session (unitl Europe opens) only to see the gains more than halved once the CRIMEX opens? Even though the financial system is imploding before our very eyes, I still have some concern for tomorrow. I know, I know, I am prolly worrying about nothing, but gold is already $7 off the highs. I don't trust this market for anything.

I still think the Fed does something more drastic before the NY opening and that SHOULD propel gold higher, but who knows. If we suffer a true rout tomorrow, the fact that everything, including commodites are sold hard.


Oh how I would love gold to be up at least $50!

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