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Strategies & Market Trends : Aardvark Adventures

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To: ACAN who wrote (4970)	6/11/2008 8:01:43 PM
From: ~digs	Read Replies (1) of 7944

MPET on bruce's autotrick list again.. this from fleck, fwiw.. My favorite metals dealer told me this morning that he is extremely bullish on silver. To his eye, all the right things are happening, and he would be willing to risk $16.25 to try to catch a move to $22. I plan to use a stop on my silver purchase today. I'm not quite sure where it will be, but somewhere between $16.50 and $16.25. He also told me that as gold broke yesterday, there was a serious amount of physical buying out of the Middle East. He is fairly constructive on gold as well, though to a lesser degree than silver. I might also note that the gold ETF did not disgorge any ounces yesterday, with most of the selling apparently due to futures liquidation. In sum, I think this is a fairly bullish setup for the metals. 13:59 *DJ US Govt Deficit FY2008 To Date $319.40B, Up 115% Vs Yr Ago

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