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

To: Chispas who wrote (20588)	1/6/2005 1:20:45 PM
From: yard_man	Read Replies (1) \| Respond to of 116555

the release of the minutes makes me wonder about that -- if it weren't released to counter-balance what is coming?? or maybe the want the buck to rally just a tad more?? what do you think, Chispas??

To: Chispas who wrote (20588)	1/6/2005 3:19:43 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Heinz chimes in on the gold charts I sent him Mish: $CRB stockcharts.com[w,a]daclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G NEM stockcharts.com[w,a]waclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G stockcharts.com[w,a]daclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G PAAS stockcharts.com[w,a]daclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G stockcharts.com[w,a]waclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G quite frankly those volumes and divergences on those charts look downright scary. Time for an oversold bounce or a collapse? Heinz: short term, a bounce ---- on account of money flows. but they might collapse thereafter, although i doubt it's going to be that drastic. sometime this year they're probably going to put in a major low - roughly coincident with the low point of the yield curve flattening.

To: Chispas who wrote (20588)	1/6/2005 3:28:11 PM
From: mishedlo	Respond to of 116555

Heinz on the $CRB Chart thanks to PCIG on the FOOL stockcharts.com yep...however, i think the CRB correction will be pretty garden variety stuff unless the economy really falls off a cliff. just checked the crude oil CoTs - small specs hold a near 20,000 contract net short position (that's quite large for this category) with the commercials holding the bulk of the offsetting longs. so crude looks good from a technical PoV here short term. with today's rise the chart is beginning to look more bottomy as well...although it's probably too early to tell for sure, since there's resistance just above today's high point.