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Non-Tech : The Woodshed
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To: patron_anejo_por_favor who wrote (39112)5/12/2006 3:15:22 PM
From: TH  Read Replies (1) of 60926
 
patron,

Interesting, so with POG $300 higher than in 2003, we are only seeing 20% of the money flows into the Rydex pm fund. That is certainly supported by the lag we have seen in the miners, relative to POG. Bizarre. On a positive spin, we should expect much greater money flow as investors realize this bull is for real and pony up the cash.

I have no prediction on how sharp or deep the correction will be. I just don't have a clue yet. I am also not interested in buying the bottom. I want to buy the uptrend. Looking at the daily charts for XAU and HUI, I do not think we are there yet. Want to see that sharp V bottom, signifying that value was recognized and purchased in size.

GT
TH
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