To: shades who wrote (83695 ) 7/17/2007 12:56:30 PM From: orkrious Read Replies (1) | Respond to of 110194 miniminer@gold comparison charts -- trotsky, 11:39:24 07/17/07 Tue "the charts sure look alot alike though, which is why I put them up." all rallies and bear markets somehow 'look alike' - this is because the Elliott wave patterns are repetitive. the important thing to remember about the comparison chart you put up is that it is scaled wrongly. it would make a lot more sense to compare the recent run in gold to the early 70's run from $35 to $100 - then we'd be on a roughly similar scale in percentage terms as well as timing wise (both periods concern the early part of the bull market). if the current bull market manages to garner the same percentage gain as the 70's bull market from trough to peak, then gold would have to go to $6,400/oz. ($255-$6,400 = roughly equal to $35-$870 in percentage terms) @mortgage finance collapse -- trotsky, 10:09:21 07/17/07 Tue please note, something monumental is happening: the triple A rated tranches are now beginning to plunge in price, and have lost some 5% over the past two days. this is serious, as the bulk of money invested apparently sits in these highly rated bonds. so when a big Canadian bank states that 'nothing can happen to us because most of our investment is in AAA rated tranches', the 'nothing can happen' part has just proved to be wishful thinking. it IS happening. @pm sentiment -- trotsky, 10:03:53 07/17/07 Tue not much has changed since the last update, the XAU put/call OI ratio remains stuck at a high for the move of 1.77, however, the number of open put contracts has reached another record high of over 90,000 contracts (all referring to the three front months combined). Rydex traders continue to shun the Rydex pm fund, in spite of the fact that the fund's price is only a hair below a new record high - the cumulative cash flow ratio continues to wallow at an extraordinarily low 120 points. as mentioned before, we do want this pessimism to unwind, but not too quickly. individual issues combined p/c OI meanwhile remains among the top 85% of all readings over the past year (although it is only at 0.52).