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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: patron_anejo_por_favor who wrote (47122)12/12/2005 8:34:05 PM
From: russwinter  Read Replies (2) of 110194
 
Frank Barbera calls for a gold correction:

financialsense.com

Looking ahead at the bigger picture, I remain a Gold Bull and definitely believe that both Gold and Gold Stocks have much higher to go over the next several years. That said, at the moment, I strongly believe that the upward thrust of the last two days is a final ‘run for the roses’ capping off in climactic fashion, the medium term advance seen at the May 13th bottom, over 6 months ago.

... But a Correction is Coming
From here, in my view, the overpowering weight of the technical evidence argues for a 15% to 20%, two to three-month correction in the Gold Stocks and an approximately 8% decline in Gold Bullion. In all likelihood, this correction will last into early February 2006.
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