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

To: regli who wrote (51941)	6/1/2006 2:35:06 PM
From: XBrit	Read Replies (3) \| Respond to of 116555

Yeah, we only differ on timing. My model is that the PoG spike to 730 was a speculative sideshow in the long term gold bull. Copper has had a ridiculous run-up considering that demand for real-world uses is relatively stable, and I believe PoG got caught up in that fever. So my working guess is we have a pretty big pullback for now, probably to 550-600 range, and then over 2-3 months the weakening dollar starts to be the main factor and a slow steady rise sets in from the corrected level. I may decide to play this with RYWBX rather than GLD from here forward. I sold all my GLD at 682.