John Pitera's Market Laboratory Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: nspolar who wrote (9263)	4/24/2008 11:18:49 AM
From: nspolar	Read Replies (2) of 33421

The dollar we believe is making the turn here as predicted, and we also believe it will be a major change in trend. It should last quite a while. This appears to be a nice move in progress here now. Gold has been highly levered to the dollar. We think it is doing the opposite now, all the way back to the 400 area or even below. It will seek its more normal leverage relationship, that it had before it started its long trip up. If the dollar hits 90, this area would be in the 400 area. The HUI is now in an apparent 3 of A of 2 down. The meat of the first large move down should be in full swing. Our first target is below 280, middle of June or so. Any change in major trend like this should be marked by an initial huge move off the top, and considering magnitude/time this move should be the larger than any previous such move that happened on the way up. This appears to have happened. In '02 the HUI lost 50 % in a matter of weeks. Comparatively this move could/should be worse, by the time it bottoms, as it is of higher degree. Deflation.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next