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Re: Frank Pembleton post# 18902

Monday, 05/11/2009 1:59:38 PM

Monday, May 11, 2009 1:59:38 PM

Post# of 19037
Gold had followed the markets up and I suspect we'll need another decoupling period. It might be very short or it might not. No strong opinion yet, but so far so good. Dollar will probably strengthen initially as defensive money goes back toward treasuries again. Each rally in the Dollar appears to be getting weaker and weaker. Right now I'm not sure we've seen the highs on the overall indexes. I think it's 50/50. If we get some down this week I'll be taking profits on shorts and likely looking to add some gold plays back.

A few other considerations which I'll probably relate later.

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