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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (29767)5/11/2005 6:44:33 AM
From: Crimson Ghost  Read Replies (1) of 116555
 
I agree that HUI can and probably will drop to 150 or lower.

But this will take a few months IMHO and there will be much volatility on the way down.

I expect gold bullion to drop below $400 (but not much below) before the gold bull resumes. Influential supply siders with considerable influence on Bushie economic policies strongly believe that gold must drop below $400 before the Fed can safely reverse course.
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