Tuesday, June 12, 2007
Daily views of Gold & Silver
Edit (2:02) The parade of prominent and respected analysts going bearish on gold is getting more populated. It is a veritable corps of trumpeters, drummers & baton twirlers marching forward all the way to POG $510/oz. The notoriously schizoid precious metals market is going to give us an opportunity. The question is will it be now @ 640 or later at some disgustingly lower number? Not knowing the answer in advance, we hold the core in full until/unless we lose some near term supports like HUI 320 & Gold 640. I like the reversal today and I like the pomp & circumstance surrounding bond yields right at major resistance.