Replies to post #122199 on Zeev's Turnips Patch-No Politics (ZEEV)

[Fletch]

OT....Well the rain has finally stopped so I'll have to cut this a bit short so I can toss a chugbug off my dock for a while.
The surface is like glass and we've got a half moon abeaming .....

Good luck fishing Dan,
Fletch.....green with envy LOL


<<<<<Out of curiousity, what day did gold close at 363.80, the price RP mentioned above.>>>>>

[mlsoft]

Dan...

I am not a follower of Prector, so I have no idea how good or bad his prognostications are. I think he pretty much belongs in the perma bear category so when the markets go up he tends to be wrong and when they go down he is right, but perhaps someone who follows him would know better. I am pretty sure he has been in the camp that thinks gold is still in a bear market and has been calling for $200 gold for a long time - obviously he has been dead wrong about gold for a long time.

The $363.80 close was for the August futures contract yesterday.

Catch dem bass.

mlsoft

[Doesnt Add Up]

I think next week will be the tell. Gold and silver have both pulled back .618 back off this last up.

The time is getting pretty close imo to know which way things are going. I think there is a Bradley turn date around this timeframe so it could get real interesting soon. Big moves coming soon in the stock market and gold either way.

Did we ever find out what happened at Freddie Mac? Something tells me this is a bigger deal than we are told because no one is talking about it.



M

[longdong_63]

Dan,
Prechter's bearish scenario will be wrong IMO. A decline here to reset from overbought could be good. A lot of miners are overbought on the dailies and will need strength to clear the triple resistance now on HUI. It will just make the explosion that much more powerful when it happens. Holding a boatload of WHT/WS now...sold WHT in lieu of the warrants. For .50 time premium for a quality miner like that, it made no sense for me to hold the common because the move past 408 will occur sooner than later. One note...I plan to get the hell out around Aug 2004 before they meet about the Washington Accord. My guess is that marks an IT top somewhere in there. JMHO.

[nspolar]

Dan fwiw money continues to roll into Rydex PM fund. Asset level blasted through and set a new high on 3 yr chart. Price is lagging. Dumb money or smart money? CEF fund looks to have reversed, from a complete ABC down.

Appears to me some folks think a big move is coming, and not down.

Right now I am in the camp that gold completed a ABC down off the 374 high. But if 352 on Aug futs is taken out, I'm probably going to scurry for cover.