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Non-Tech : The Woodshed
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To: TheSlowLane who wrote (43896)9/4/2007 10:46:18 AM
From: TheBusDriver  Read Replies (3) of 60901
 
Yea I saw VT's post I am just putting out there what Saville thinks. I think he is one of the best fence setters in the world....so he has picked a side looks like.....

"Using similar logic, we are now downgrading our short-term outlook on the gold sector -- as represented by the AMEX Gold BUGS Index (HUI) -- from "neutral" to "bearish". As was the case when we recently turned short-term bearish on the US stock market we suspect that the HUI will make some additional gains over the coming week or so, but with the recent rebound having retraced about half the July-August decline our opinion is that the short-term risk/reward ratio is now decisively skewed towards risk. As discussed in recent commentaries, our view is that the odds favour a decline to an October-November low from whatever peak is put in place during the first half of September".

BWDIK?
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