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

To: ItsAllCyclical who wrote (85442)	9/17/2008 2:47:01 PM
From: Little Joe	Read Replies (1) \| Respond to of 116555

Cyclical: I think you are correct. When a move of this kind comes off a bottom, it generally signifies a strong reversal in trend. I suspect we many remember this day as the beginning of something big. I would be concerned if this happened after a strong move up, but off a bottom is very bullish Little joe

To: ItsAllCyclical who wrote (85442)	9/17/2008 2:59:03 PM
From: benwood	1 Recommendation Read Replies (1) \| Respond to of 116555

I do think gold suffered from hedge funds' forced liquidation in the past few weeks, pushed in that direction by a catalyst (SEC, Fed, Treasury, FCBs). I have believed that the selling pressure was going to be of short-lived duration and that once it abated, there would be an incredible void of selling pressure. Just the opposite of a short squeeze that drives a stock price to an unsustainable level.