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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (8053)	2/13/2004 3:47:41 PM
From: mishedlo	Respond to of 110194

Date: Fri Feb 13 2004 10:52 trotsky (gold stocks) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved another 'money flows QED', at least for now. note that there are some stocks that see buying interest however...several of the microcaps, and - ta-da - DROOY. i conclude that the limited pool of money that trades pm shares is simply moving down the food chain - from overvalued mid tier producers to still undervalued explorers/developers. Date: Fri Feb 13 2004 10:22 trotsky (for those who missed my 23:36) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved last night: Investors Intelligence advisor sentiment survey has now a mere 15% bulls left - which i think could be a record low , certainly it's a one-decade low. note in this context that at the very top in '99-'00, this percentage fluctuated between 30 and 40% - iow, they are far less bearish now then they were then in the midst of the euphoria. for other sentiment and technicals related data see my 23:36. it must be noted that when NO-ONE is looking down anymore, the probability of a downward reversal increases a lot. note to gold shares: money flows still mostly negative - it seems unlikely that today's bounce will hold.