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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (63534)	6/13/2006 12:50:31 PM
From: russwinter	Read Replies (3) of 110194

Do you have a source that tracks the daily size of the GDX ETF? Gold has done a fib retracement right here, but 200 MA is 542. If the CPI came in light (and bogus) tomorrow, and the Wizards started doing victory laps about how great their shit smells, then gold could have a big trading bounce here as a Pinocchio trade, mostly because people are still overtrading. I'm not willingly personally to play it though. If the CPI is hot, then 200 MA is in the cards. I'm seeing some good babies thrown out with the bath water situations developing in a few juniors, although many still look pricey. My hand is on the trigger for some nibbles, but am looking for some more price holes to develop first. Ultimately, the trade I'd like to see develop for gold though, is basded on a credit revulsion flight to safety, not jazzed up liquidity.

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