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

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To: Robin Plunder who wrote (92921)3/30/2008 11:50:01 AM
From: John Vosilla  Read Replies (1) of 110194
 
I'd bet the point many of us here would make is this was suppossed to be a no brainer as everything else most of us have expected has happened...gold skyrocketing, commodities skyrocketing, dollar crashing, massive fed liquidity in the face of the worst housing market since the great depression and a steep yield curve. Junior miners were the ultimate play on this scenario I thought? Yes I do see a couple like you point out that are in good uptrends,rising 200 dma and at a breakout point...the rest are stuck in the bottom part of a multiyear trading range with a declining 200 dma.. Newmont below the 200 dma for the first time in a long time could be signaling a weak period like Sept 2006-August 2007 where most ended the period somewhat lower with lots of volatility in the period..

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