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roguedolphin

05/24/06 3:19 PM

#17045 RE: FinancialAdvisor #17036

Silver/Gold and most metals......I believe that these markets need a little TIME to "frustrate and throw off" the bulls, and "digest" the large gains they've seen the past year. The ABC correction move may need to take more TIME.

We MIGHT see silver break below it's last swing low of $11.56.....that could setup a strong selling move to Fibonnacci .618 support right under $10 per ounce. A head and shoulder intermediate top may be forming???

The US dollar may have to rally a little bit here to "frustrate and throw off" the bears......who became too bold, almost as bold as the metal bulls had become. Markets usually humble boldness.

It's a correction in a long-term bull for metals.....just watching this play out and trying to time the "turns in the tide".

We'll keep an eye on this together.