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


To: mishedlo who wrote (31636)5/3/2005 3:39:06 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
Miners having an oversold bounce today. A short-term rally only IMHO. I doubt the HUI will get much above 185 on this bounce.

But a more meaningful trough might not be far off.



To: mishedlo who wrote (31636)5/3/2005 3:43:56 PM
From: regli  Respond to of 110194
 
Miners might be anticipating a widening of the curve as the Fed starts to have to consider the implications of a slowing economy. How many more hikes are in the offing even in the face of increased inflationary pressures? Remember the CI point from a month or so ago that PPI and CPI comparisons will become much tougher starting June.

I am currently betting heavily on just such an outcome.