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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (109045)	3/18/2008 6:04:42 PM
From: SwampDogg	Read Replies (2) \| Respond to of 312810

This was a full blown raid on gold and PM shares. If this is the reflation trade then the general market can not rally without gold. Today's action was a page out of Rubin's book from the 90s (and this is not the 90s). This is most likely the 'e' wave of a correction in PM shares that began in early Nov '07. It was almost completed today but could see $HUI 460-465 tomorrow morning. Gold bulls are going to get bucked out of this market again. I am long and strong. Sure does not take much to freak gold investors out. Got the 500 point $DOW move almost in one day:) Whenever one hears that it is the biggest move in 5 years one knows that it is a bear market. This is still the count and believe it or not today's action will make for a much larger move higher into next week Message 24369233