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Strategies & Market Trends : The Swamp

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To: ItsAllCyclical who wrote (299)8/6/2008 6:24:51 PM
From: SwampDogg  Read Replies (2) of 491
 
Oil down and oil stocks higher
Gold flat and gold stocks held gains
Volume on most PMs was not too bad
Sentiment out there stinks right now

FWIW a step in the right direction
Nice day on the PAAS

Edit

IMO no way that CRB goes down or sideways for a few years. Worst case for bulls in a few months of hell followed by the moonshot. Leib has the bearish IT read here on the copper market. It would be the "C" of a correction and would take a number on months but it would mean $7-$10 copper in 2009 IMO. This commodity market is going much much higher into 2009-10 IMO. Just a matter of how much pain we have in the next few weeks. Juniors have been in a bear for 2 years and it looks about done.

sandspring.com
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