Mostly: Classical

[Andy R]

In case anyone missed these posts I am linking them here. Certainly food for thought.

http://www.siliconinvestor.com/readmsg.aspx?msgid=22744274

http://www.siliconinvestor.com/readmsg.aspx?msgid=22736828

http://www.siliconinvestor.com/readmsg.aspx?msgid=22737146

I would note that once again POG is failing to break out of its rut, Iran, Iraq etc it just does not seem to matter. It is not a good thing that POG depends somewhat on crude here as prospect of hostilities is not helping much. Absent such an event crude is signalling it wants to fall through support at $68. Prospect of global economic slowdown a powerful factor in this weakness. I would agree with Slider in that IMO the easy $ have been made and the risk of down is greater than the potential for gains at this point.

Among the message boards there is scarce mention of the fact that POG has fallen below supposed support around $635 and now trading in low 620's. Each rally is quickly sold into, seems the big boys want out.