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

To: mishedlo who wrote (45264)	1/26/2006 11:16:36 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 116555

Mish, the only scary thing to me is the short position of the commercials. But if that turns out badly, it is only a quick swoop down to shake out the weak hands. I'm more worried about the political situation and the miners. CEF is now my main gold position.

To: mishedlo who wrote (45264)	1/26/2006 3:19:58 PM
From: regli	Read Replies (2) \| Respond to of 116555

Lots of people missed the big run. Based on cursory observation, most gold writers recommended selling or waiting. However, based on what I read from Russel, he has been a consistent bull with a few cautionary notes along the way. The key article IMO is the one from 1/12/06. After browsing through these articles again, I believe that your poster on the Fool was at best inaccurate based on the public Russel posts. Check out the article from a few weeks ago (1/12/06). The only cautionary note I could find was in the quote below from 11/28/05. I am quite certain that he was heavily invested these past three to four months. Here are the public posts before this latest article with a few key excerpts: The 50 percent principle (1/12/2006) 321gold.com "...Gold backed off literally at the halfway or 50 percent level of the great 1980 to 2000 bear market decline. The BIG question, the CRUCIAL question, is whether gold can advance above 550 and then hold above 550. If gold can do that, then under my interpretation of the 50 percent principle, gold will be on its way to testing and eventually bettering the old bull market high of 850...." Identify...and dreaming of Softgoo (12/28/2005) 321gold.com "...GOLD WILL RISE; THE GOLD BULL MARKET WILL CONTINUE. It's only a question of HOW the gold bull market develops -- where and when the periodic corrections appear, and how high the gold bull market will rise...." Rising gold is a political red flag (12/6/2005) 321gold.com "...The formation appears powerful and it would not surprise me to see gold rise to the 520 area before the next correction. The upside "count" for gold is now 572." If you own 100 shares of GOOGLE... (11/28/2005) 321gold.com "...Turning to gold, every gold-phile in the world is waiting with bated breath for 500 gold. Meanwhile, gold continues to tease. And it may take a while before gold rises to the half-century mark. The reason is seen below. RSI is over 70, the histograms could be topping, and gold is very far above it 200-day moving average, which stands today at 440.77." The little-noticed, little-understood bull market (11/08/05) 321gold.com "...Here we see a profile of one of the big stories of this century. It's the little-noticed, little-understood bull market in gold. Yet, as I see it, gold is in the early part of the second phase of its bull market. This is the phase where the institutions and the more sophisticated public begin to nibble at the item. But as usual, most of the attention is centered on the daily action of gold, the little wiggles, the position of the Commercials, the 50-day moving average, the current sentiment, the talk, the rumors, the endless BS about gold."