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Strategies & Market Trends : The coming US dollar crisis
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To: gregor_us who wrote (26853)2/6/2010 8:34:23 AM
From: TH  Read Replies (1) of 71409
 
gregor,

Friday was very interesting for the miners, but one afternoon is not a trend. A reversal perhaps.

Gone in just a week are those that arrived late to the gold party and leveraged. Good riddance. Flushing out those with leverage paves the way for strong hands to pick up more at the new floor (1044 perhaps) and establish the base for the next leg up. I think it will be very quick 15-20% move for POG. The moonshot for POG is still out near the horizon and I can't see that far just yet.

Let us see if we return to leadership from the miners. Twice as good if happens while the dollar rallies and broad equities fall.

Next week could be difficult to read, as the dollar is overbought.

GT
TH
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