Well, we got the correction and we got it right to the first target noted. Next up is HUI 200, which is not a given of course as we are filling some gaps right here on the gold miners. My bullishness on these stocks (quality producing gold miners) is not tarnished one bit. As grizzly as these corrections can seem, yesterday was just another agonizing step in right direction of establishing a bottom.
For reasons gone over here on the blog and weekly in NFTRH, I can be nothing other than bullish on the gold miners because it is inarguable that their fundamentals have already received a shot in the arm even as most companies in most other industries are getting the opposite. Even there, I remain bullish for the near to intermediate term on the global stock markets as well. Down the road (mid-late 2009?), there is a really nasty potential for the Dow as noted here: Bull?
