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

To: John Vosilla who wrote (92939)	3/30/2008 1:24:32 PM
From: Robin Plunder	Respond to of 110194

"I'd bet the point many of us here would make is this was suppossed to be a no brainer as everything else most of us have expected has happened...gold skyrocketing, commodities skyrocketing, dollar crashing, massive fed liquidity in the face of the worst housing market since the great depression and a steep yield curve. Junior miners were the ultimate play on this scenario I thought? Yes I do see a couple like you point out that are in good uptrends,rising 200 dma and at a breakout point...the rest are stuck in the bottom part of a multiyear trading range with a declining 200 dma.. Newmont below the 200 dma for the first time in a long time could be signaling a weak period like Sept 2006-August 2007 where most ended the period somewhat lower with lots of volatility in the period.." yes, I think this is just one more example of how hard it is to predict the stock market...I still cant believe the dow rallied so much from 2003 to 2007, making a new high, whilc the economic backdrop was very poor.COF,MBI. LEND, CFC, RDN...moving relentlessly higher for years until they went straight down over a period of a few months. Jim Sinclair faded out his 887 gold "angel" this weekend, he usually does not do this until he has high confidence that we will not re-test below that point, leaving the one at 1682 as the next main target...if it gets there, juniors with good fundamentals should do well. Also, the xau/gold ratio triggered a buy signal a couple of weeks ago, about .185 I believe, which is also a very good indicator. Robin