Mark McHugh

Archive for September, 2009|Monthly archive page

Gold is about to get Whacked Again

In Open Thread on Friday, September 18, 2009 at 12:29 pm

It’s about 1 PM Friday September 18, and you’ve got about three hours left to take your profits on gold, or short it. By the time you pick out your eye boogies Monday morning gold will be down significantly. If it’s not, I’m swearing off writing about the shiny yellow metal.

Not to brag, but I’m quite proud of my gold calls in the last year. Tops in gold are much easier to spot than bottoms

If I get time this weekend, I’ll explain why gold’s about to fall. I just figure it’s important to let people know things while they still have a window to take action.

If the curiosity is killing you, check out some of my past writings on gold (and please note the dates). It’s the same old story this time around anyway…..

http://seekingalpha.com/article/98199-gold-bulls-beware

http://acrossthestreetnet.wordpress.com/2009/02/08/what-do-you-want-now-mr-market/

http://acrossthestreetnet.wordpress.com/2009/02/15/squashing-gold-bugs/

http://acrossthestreetnet.wordpress.com/2009/02/21/how-hot-is-gold/

http://acrossthestreetnet.wordpress.com/2009/05/21/if-youre-thinking-about-buying-gold-now-think-again-please/

I can’t wait until the day I can tell you to buy gold again, but this is not that day….

Update 9/22/09 – Oh well!

Sorry, I really thought we had all the fixins for a big correction in gold (15% or more). I was also convinced I had pinpointed the reversal point. Well apparently not.

I had expected a dollar bounce by now, that has not materialized (I told you God hates me).

No more gold commentary from me….