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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (84949)	9/11/2008 9:34:26 AM
From: bull_dozer	Read Replies (1) \| Respond to of 116555

Thanks. > When the government stands ready to release oil from the strategic petroleum reserve, it puts a lid on the price of oil regardless of hurricane activity. This will be only a temporary lid on the prices. No? May be until the elections. If that is the case would it be a great buying opportunity in the next 2 months or do you think the fundamentals for oil have changed? > As for Gold, I've had $675 as a target off the highs since January. What do you think will happen to price of gold after it reaches your target price of $675? Thanks again.

To: ajtj99 who wrote (84949)	9/11/2008 11:43:35 AM
From: chris714	Read Replies (1) \| Respond to of 116555

Hi Aj.....your predictions have been very very good. Do you have any thoughts on a potential bottom for silver? more important I guess, what about turn points for $HUI...or the $OSX?? $HUI and $XAU have been beaten silly and for various reasons don't always track evenly with the underlying metal. I'm aware that gold and silver aren't your specialty but your forecasting is admired at least on my end. Chris

To: ajtj99 who wrote (84949)	9/13/2008 12:35:59 PM
From: bullbud	1 Recommendation Read Replies (1) \| Respond to of 116555

"When the government stands ready to release oil from the strategic petroleum reserve" That's just talk. Not action. "It doesn't pay to complain when trades don't go your way. It does pay to know what's going to happen, however" I only held two miners in this downturn. IMO, stocks that tank 5-15% per day for over a week is NOT NATURAL. What sellers are left after a stock has already dropped 30%?? My guess is most of the true sellers were done after 15%. Not natural and I did very little trading during that time so the trades that "didn't go my way" are not a factor. "As for Gold, I've had $675 as a target off the highs since January." That's wonderful. We'll see. As for me, I saw a distinct trend line from Nov. '05. Looking at the chart, the odds are WITH a healthy rebound from this range. Doesn't mean it will hold up, but charts are all about the historical track and the odds of repetition.