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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 362.31-1.8%Nov 4 4:00 PM EST

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From: jimsioi11/11/2007 11:11:16 PM
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Do I hear the Yen unwinding...

3 and 4% declines in Asian markets, GOLD off $10, breaking down out of distribution pattern headed for 808...I'll suggest...

isht.comdirect.de

Euro / Yen five day...
finance.yahoo.com

Euro / yen futures...
charts3.barchart.com

Now traditionally we'd expect this to have a negative effect on US markets...S&P futures off 8

Looks like the euro/yen unwind will take speculative open interest out of oil and GOLD and down they will come as the US markets struggle with the subprime issues du jour.

Look out below, but what I think I have learned is that these end up being buying opportunities....at about the point of maximum pain and discouragement.....
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