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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dara who wrote (13475)	4/28/2008 10:43:37 AM
From: jimsioi	Read Replies (2) \| Respond to of 29622

dara has it right...selling into this pop.... Huge short position in MFN suggest somebodies don't think the company will deliver as planned as others in the same area have had problems (read GRS)....I'd love to see the shorts disappointed and an on-coming on line "junior" actually deliver the goods, per budget and on time... For those that follow my comments as a contrary indicator I will say that I reduced PM and PM miner positions slightly on this rally, went long some UUP (dollar index long) and added some ML.to... So far I will report not one of these great ideas is in the money....However, I still believe that barring a recover of some substantial proportion in GOLD the burden of proof is on the bulls relative to what looks like a pattern of trade that wants to take one more step down... Scottish refinery problem will be over in a few days, oil will fall, the FED will go on hold and the dollar will rally...to 74.50 minimum and gold and miners will fall...Maybe, maybe not but that's the way I am leaning... stockcharts.com