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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (91236)12/5/2008 3:16:50 PM
From: ItsAllCyclical  Read Replies (1) of 116555
 
I don't like the way gold has been acting of late. HUI Rise out of Oct lows looks too much like an ABC correction thus far and it's channeling which I also don't like. Broad markets and HUI likely have more work to do on the downside. Not short gold/PMs here, but not convinced either.

Gold/HUI/S&P still too correlated for my blood.
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