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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 (13393)10/13/2004 5:25:23 PM
From: mishedlo  Respond to of 116555
 
Gold & Silver
From Dave Meger at Alaron
All who follow this report were aware of my strong bias towards gold and silver from Aug. 1st through Sept. 30th. You are also aware of my opinion of a subsequent correction for several weeks in the October period. This is the timeframe the market is currently in. Expect a corrective / consolidative environment for a period of time in October before any buying opportunity reemerges.

The gold and silver market posted intermediate highs as expected in the 1st week of October. The market is now correcting as seasonally the month of October does not treat the precious metals complex well.