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

To: mishedlo who wrote (29742)	5/10/2005 3:21:23 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116555

I took a modest position in the gold sector last week. Will be about even after today's drop. Will give HUI one more chance. If the next rally cannot get above a "hidden pivot" at 187, I will be out quick as a flash.

To: mishedlo who wrote (29742)	5/10/2005 4:46:21 PM
From: Perspective	Respond to of 116555

Mish, advise caution here. While the PMs have been blasted and are near support, there is an increasing chance IMHO that support fails this go 'round. If steels are any indication, a serious brush with deflation is coming, and that could extend the correction in the PMs. You've seen the huge silver wedge, right? Message 21290899 Message 21293367 Just my $0.02. BC