Announcement

**ThePythonicCow** · August 26, 2009, 01:07 PM

Re: Gold bull says: Gold down, USD Up !

Nice article - thanks.

Another vote for Big Bada POOM!

He anticipates that POOM will persist "as long as the markets readily accommodate Trillions of U.S. debt issuance here at home and tolerate excesses within domestic Credit systems across the globe."

**cobben** · August 26, 2009, 04:06 PM

Re: Gold bull says: Gold down, USD Up !

Mark Hulbert
Aug 25, 2009, 12:01 a.m. EST
Being contrary about gold

Commentary: Gold timers have grown increasingly cautious -- a good sign

http://www.marketwatch.com/story/con...old-2009-08-25

" . . .
Consider the average recommended gold market exposure that exists among gold timing newsletters tracked by the Hulbert Financial Digest. As of Monday night, this average stood at just 3.8% -- which means that the typical gold timing newsletter right now has virtually no exposure to the gold market whatsoever.
To put that in context, consider the sentiment picture from three months ago, in late May, when bullion was trading at more or less the same price as it is today. At that time, the average recommended gold market exposure was 50.2% -- or more than 46 percentage points higher than where it is currently.
. . ."

**cjppjc** · August 26, 2009, 06:46 PM

Re: Gold bull says: Gold down, USD Up !

Are we not heading into the strong seasonal period for gold? Maybe we do go down first. IMO if the gold price does not go down soon, the seasonal strength will put $1,000 as the new floor. I hope, I hope.