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

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To: ild who wrote (69497)	9/8/2006 10:42:00 AM
From: orkrious	Read Replies (1) of 110194

@metals sell-off -- trotsky, 10:16:07 09/08/06 Fri palladium is getting crushed - this is the metal with the biggest speculative participation (speculators are collectively 8:1 net long), so clearly we have the funds selling all commodities indiscriminately, and the more lilliquid markets with the largest relative long positions are getting slapped the worst. @gold, pm stocks -- trotsky, 09:58:36 09/08/06 Fri gold is right at 'must hold' lateral support here. it's disconcerting that it only took two days from possible upside break-out to possible breakdown, but there it is. many gold stocks still look resilient though - funny enough, the ones that SHOULD be the most resilient, the SA stocks, aren't. anyway, with a failed break-out in the HUI/XAU now evident, there's a danger that the short term trend is changing from up to down. apparently gold is following oil here, which looks very weak. it should not follow oil, but it does. this is bad news because oil looks set to go lower still.

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