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

To: mishedlo who wrote (51935)	6/1/2006 12:27:26 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116555

Gold crash not likely IMHO, but the metal does look like it is headed lower. Gold has regained only about half its early losses today even as the big early surge in the dollar was entirely erased. This is severe negative divergence and suggests gold could test the $600 level on the next decent buck bounce.

To: mishedlo who wrote (51935)	6/1/2006 1:01:53 PM
From: regli	Read Replies (1) \| Respond to of 116555

"... Neither of the editors of Index Rx would have recommended precious metals twelve months ago. In fact, we purposefully exclude commodity funds from our portfolios because of their volatility and lack of potential for long-term appreciation. ..." This, in essence, very negative article is simply there to explain away the fact that their organization completely missed out on the run of gold, silver and other commodities. It lacks any depth which is not surprising in light of the above. BTW, I believe that we pretty much hit the lows in gold and silver today. I was a grateful buyer. p.s. Bought a lot of something called TOO.V.