Gold has hit all time high this week considering the market was and is
still volatile, so I think there are still lots of people who can't
afford to take the roller coaster feeling (like myself) and invested
in gold market...

I'm only hoping it will go back up to the 40s... or 50s if being
greedy...

when gold corrects it corrects sharp and fast
this is the reason a lot of people can't stomach this
gold should not be bought at the peak $1000
but it should be bought on the dips
this is another thing investors can't stomach
large institutions taking profits but there is still very large demand
gold support down around $850 and $770
it could go much lower but then it should bounce back with a vengeance
world global supplies are drying up and demand is increasing
goldcorp is definitely best of breed

No the gold play is not over.
If you look at short term, sure, you can see downfalls. Short terms
it's all about emotion and luck.
But let's look at some fundamental:
- Global supply of gold is low.
- Demand on gold is high due to economic stability and a weak USD.
- The growing Asian economy have a traditional love toward gold.
- Inflation of countries.
and the list goes on and on.

At 900 - 1k you would expect people to sell gold and pull in profits.
It should not be over though, especially during an economic hard time
like this.

The only concern is US government toward gold. The US is known for
giving propaganda on gold in order to decrease demand on gold and
increase demand on USD...

The depreciation in price of gold was only a short time pull back.
This is a dip. If u want to buy gold or gold stocks, etfs, this is a
good time. ABX, GG, KGC are good stocks I am betting on till end of
the year. Dont forget to put stops.

The US gov can give out all the propaganda it wants, what else is new.
Foreigners are far too intelligent for that and they won't buy the
prop or the USD
The IMF is grossly mistaken if it thinks it can stabilize world prices
by
dumping a small handful of gold into the market
gold is getting harder and harder to find in the ground smaller
miners
with good reserves will be eaten alive.
gold prices are going up despite the IMF's planned sale of 14.2
millions oz
gold rising sharply on this news and bearish fundamentals
give me a break
any intelligent person with oil money or anything USD based
will be buying gold regardless of what the the US gov or the IMF do
they have lost their influence and credibility globally
higher oil prices will drive higher gold prices and this is inevitable
go ahead .. buy the propaganda and Keynesian Theory or buy something
real
now ... the choice is yours ... what will you buying?

Gold play might not be over yet, but you'll need a strong stomach if
you want to play this market because it's gonna be a bumpy ride!  I
tried looking at the charts and be technical but it seems that gold
responds somewhat directly to the market gyrations which is very
speculative in my opinion.

http://www.feedbacksecrets.com/passive-investing-is-dead/

Gold is so(smold) old dude get paladium it looks better and doesnt
tarnish!

What are palladium companies out there? I dont trade commodities or
metals directly.

palladium is often a by product of other mining (nickel)
look to high quality miners for palladium exposure
i have traded PAL (North American Palladium)
another is SWC (Stillwater Mining) up 11.75% today!
if you can trade the London Exchange you can use the palladium ETF
LON:PHPD
or open a futures account and use bull call spreads
ps. i really like GoldCorp

please take a second to read this article on gold.

http://www.taipanpublishinggroup.com/TPG/archives/Daily_040308a.html

Well, from the article, we see that the bullish trend of the gold will
start after the rally on finance is over. So for those day traders,
maybe it is not a good time to enter gold yet. Wait 1 or 2 more weeks?

I wouldn't worry.  This stock will be trading in the 80s in two
years.  Use dips like this as an OPPORTUNITY to get in on this stock
at a good price.

If you like at the RSI, MACD, and Full sto, all three have a buy
signal. This is a good time to get in before this company reports
great earnings next week.

I don't think GG price is related to their earning report too much as
compare to the current gold price. It will be a good time to buy in
once gold reaches the bottom, which I predicted is around 850-860

could anyone take a guess of how low GG will dip before it starts
picking up again?

$750 per ounce

Job data is going to come out tomorrow. If the amount of jobs decrease
then this might signal that the economy is  in rebound mode, and
expect gold to drop further and the dollar to finally increase. If the
jobs report is going to be bad, as I expect,  gold price will rise and
the dollar will sink even further, thus GG will go up.

Any predictions on job data tomorrow?

okay, so data is out, will GG go back to the 40s? specially after the
report on monday, i wonder what will happen.......

the data was so so, but the economy and the dollar are still weak.
Gold should remain stable in my perspective around 850-900. I suspect
GG will tick higher over the next week or so...