Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

New lows on the PM's and POG. Not looking good. Has your longterm outlook changed any? I'm still holding what's left of my holdings (since I didn't cut back by selling some, the market cut them for me, value wise). I'm holding the bag at the moment
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Hi D,
Though not liking the recent price action at all, my LT bullish views of the gold market remain unchanged.

It seems that much of the inordinate strength of the USD is a result of the unwinding of numerous bearish dollar/bond spreads and because of the perceived popularity amongst traders playing the "Greenspan put", it may have a bit further to go before running out of steam.

I'm sure you know what to do if that bag starts getting too heavy for you to hold.....

Good luck.