Tuesday, December 14, 2010
S&P 1450 anyone?
I am going to be ready to get ever more fearful the higher this climbs. There is a favored upside target for the HUI gold stock index, and it is way higher. The less favored one is even higher than that (3 Snowmen @ 888). But it is now time to starting thinking about exit strategies (selling opp's) down the road. We have and will continue to review in NFTRH why this is not a uniquely healthy situation for the gold stocks (all one market kinda thing).
All the Fed Chief is doing is begging for speculation, and it looks like he'll get it. I am planning to sell to the stupidest of these speculators as they show up near upside targets, assuming we are lucky enough to get a drive to SPX 1450 and a corresponding moonshot in the gold stocks.