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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (39086)	5/11/2006 11:54:47 PM
From: morokko65	Read Replies (3) \| Respond to of 60926

I just look at the weekly charts on Gold, Silver and the HUI and see us very far from relevant yardsticks like the 65 week MA (Aden Sisters), BB and previous Breakout levels. Gold in particular seems to always backtest ($575). the recent HUI looks like a small ascending triangle that indicates 405-420, so this looks like a window to sell 5%/15%/30%, depending on your style. We have the TNX busting a move, the yield curve steepening, NDX & SPX is some sort of terminal wedge or ED-like pattern, RE in California tanking in RT (I get it first, not trying to be arrogant, but if people fold their cards, I see it at 30 days past due), Congress may swing Dem in Nov, new PMs in Israel, Germany, UK soon, Italy; Japan ending an era of ZIRP, and Jim Sinclair gets three major targets (529/612/682) all within in the same TV season. It just feels like a 2000-2001 sea change is happening here maybe we go way, way higher like 1100 POG and I look like an idiot. I'm still long 40%-45 miners & bullion, but gold has a history of turning tail FAST and brutal, and i just what to keep some powder dry. I did sell VGZ, CEF, GBN and ANO a little early about 15-20% lower, but they were all good trades, and kept me from selling too much of my PM mutuals. I'm a little guy, I don't think my miners ever got north of $100K

To: TH who wrote (39086)	5/12/2006 1:08:08 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 60926

Trotsky on gold sentiment: Date: Fri May 12 2006 11:31 trotsky (@sentiment) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved sentiment on gold shares has turned outright bearish imo - not only evident in today's atrocious performance, but also by dint of an over $10m. outflow from the Rydex pm fund yesterday. note that the inflows preceding this were tepid at best. we haven't seen anything even remotely resembling a repeat of the enthusiasm in 2003. during '03, almost $200 million flowed into the fund during the second half of the year. this time, we've seen inflows topping out at $40 million ( of which 25% left us yesterday alone ). I still think we're in for a short sharp correction, perhaps to 146 on the XAU (a 50% retracement of the move since early March). Could see the POG down to 610-20 on the same move....