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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (6241)	5/12/2004 3:54:07 PM
From: ild	Read Replies (1) \| Respond to of 116555

Date: Wed May 12 2004 15:10 trotsky (bullish consensus) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved gold futures advisors bullish consensus on gold is now below 10%, at 9.8%. that's almost 4 percentage points LOWER than at the absolute price lows in '99 and '01 ( 13.4 and 21% respectively ) . it's nothing short of amazing actually, considering that the price correction wasn't really all that big so far. it's also a bullish divergence. note also, the only instance that i recall of a consensus below 10% was in propane in late '98. it subsequently rallied from about 20 cents to almost 90 cents per gallon over the next 2 years. Sinclair's fantasies are beginning to look more credible in light of this...