DMac
15th June 2010, 06:23 AM
Today is June 15th and we are still sitting on 1225 Gold & 18.50 Silver.
Sell in May and go away? NO WAY!
In 2009 we had a sell in the first week of July and buy back 3 weeks later in August and it seems to be the pattern again this year.
I'm starting to think, if we don't see a massive sell off come the June options expiry, that we might not see a big drop at all this year!
There are too many EOTWAWKI things happening:
1. Destroyed Euro
2. US Econ about to melt away
3. The Gulf
4. Too many rumors of wars!
Imagine if there is a flashpoint in the Middle East or the Korean Peninsula?
1400 Gold nearly overnight.
Sell in May and go away? NO WAY!
In 2009 we had a sell in the first week of July and buy back 3 weeks later in August and it seems to be the pattern again this year.
I'm starting to think, if we don't see a massive sell off come the June options expiry, that we might not see a big drop at all this year!
There are too many EOTWAWKI things happening:
1. Destroyed Euro
2. US Econ about to melt away
3. The Gulf
4. Too many rumors of wars!
Imagine if there is a flashpoint in the Middle East or the Korean Peninsula?
1400 Gold nearly overnight.