SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: nspolar who wrote (7978)6/26/2007 12:36:00 PM
From: nspolar  Read Replies (1) of 33421
 
"In edit: No predictions but imo the highest risk indexes at the moment may be the pm indices. The pm indices like violence, both ways."

Da pm bulls really getting hit here today. The HUI may well be a leading indicator at the moment, of this retrenchment that is probably just getting started.

A messy summer indeed, may be shaping up.

The real key is POG 620 imho. If dat goes I think my HUI target of 160 plus/minus is in the bag.

There are daily gaps on GLD, waaay doowwn there.

NEM is well into the 'A' down of a Big [2] correction. The HUI has concealed its intent, and kept the bulls locked in, but it would be extremely odd if the XAU/HUI did not follow NEM down.

Remember Gary Shilling's predictions re deflation. But ... do the general markets still like deflation, and is this just an intermediate general market correction? That is the summer question that remains to be answered.

There are a lot of pm bulls and super bulls. What would be double jeopardy for them is if the general markets hold this summer, and put in a rip roaring 2008, whilst the pm indices sit in the cellar. A bunch would likely be short the general markets as well.

This market is a bugger. Really hard to get an exact handle on.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News