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Non-Tech : The Woodshed

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From: crustyoldprospector	4/13/2005 12:51:41 AM
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interesting link copped from Russ Winter: dailyfx.com Yen spec short @ 4 yr high, euro longs dropped 61% last week, swissie shorts up pretty high ... looks like there is a multi-month process in the works that gets all the traders on the wrong side of the boat before the buck gives way. Looking at the euro relative to gold, a break-out could still be a year off: ttrader.com Right now I like the green trend. This would be a scenario where the POG in $US stays flat through year-end, then it's off to the races. Of course, the miners would start picking up on que in September, before POG takes off. The unfortunate collalary to this is that the miners would continue to dive for the immediate future (to HUI 150?), and then spend the summer flopping about the lows.

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