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Ace Hanlon

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Ace Hanlon

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Re: chainik post# 824

Friday, 04/13/2007 9:45:46 AM

Friday, April 13, 2007 9:45:46 AM

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Bob Hoye has a very good record re: gold and HUI.

On the overall market I am impressed with fact that the short-term overbought position has been eliminated with virtually no price damage.

I remain extremly bearish on the market beyond the very short term.

The fact that no forecaster I am aware is predicting anything more than a 10% correction AT WORST speaks volumes about the incredible complacancy now extant.

There are no real bears left -- just a few cuddly teddys.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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