SI
SI
discoversearch

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 : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: blind-geezer who wrote (102758)4/19/2009 12:31:27 PM
From: TH3 Recommendations  Read Replies (1) of 110194
 
bg,

At some point, but I think HUI 250-260 will at least be touched first. Volume in the miners is always an important indicator for me, but it has been light on the up and the down. I'm not sure what that means yet, but my inclination is that this move in the POG and the miners is just another gamed move by a smaller numbers of players than I would expect if there were a major trend change.

In short, the long term trend for gold is intact. This is a correction. It might be a brutal one and it might be longer than expected if the market monkeys continue to rally the broad market on the belief that printing money to stimulate an economy overburdened with debt is the magic formula.

IMO, we have entered the "suspension of disbelief" phase of the broad market rally. These "glimmers" of economy recovery are just that and nothing more. The major trends are in place and unemployment shows no significant signs that a rebound is coming. I expect the numbers to get worse. So, as long as the collective lie gains momo, gold will lose some luster.

The Fed has announced the worst of the recession is behind us. I can't recall the last time a Fed prediction was actually accurate. I really can't. I have to go with the odds and say they are wrong, again.

So, risk players are back and the anti-gold trade is in vogue this month.

GT
TH
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News