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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: rolatzi who wrote (79794)	3/7/2007 2:46:12 PM
From: orkrious	Read Replies (3) \| Respond to of 110194

trotsky [ PM ] March 07, 2007 09:31AM [hide msgs from this user] Registered: 4 weeks ago Posts: 98 the Rydex precious metals fund had an enormous $22,2 million one day outflow the day before yesterday - this looks suspiciously like a capitulation actually. note that the cumulative cash flow ratio is now nearly $30m. below its 2005 low. even if we grant that some funds have left the fund for other pastures such as GLD or GDX, this still seems to indicate that there isn't much speculative enthusiasm out there for the sector. per experience, such big one day outflows after a large decline has already occurred, are medium term bullish sign (i.e. they usually signify that a medium term low is very close). medium term meaning weeks/months. trotsky [ PM ] March 07, 2007 10:51AM [hide msgs from this user] Registered: 4 weeks ago Posts: 98 GSS is busy breaking out from a multi-month consolidation. this looks quite bullish - especially as most traders have given up on this stock long ago. trotsky [ PM ] March 07, 2007 10:57AM [hide msgs from this user] Registered: 4 weeks ago Posts: 98 well, i'm a bit skeptical about the value of the Hulbert gold timer signal (i once had a discussion with him about that, and we agreed that there have been many instances when the signal failed), but in this case, i'm willing to give it some credence due to the speed of the fall in bullish sentiment. this is an extraordinary move actually, especially as one of the dearly held tenets of the gold timers (gold will save you when equities decline) has been slapped around a bit.