Replies to post #812 on Justa's Dive Bar

[Ace Hanlon]

Note that the gold sector is surging today even though the buck is up a bit.

The strength in gold at this stage is bearish for the financial markets IMHO because it suggests all hell may loose re: the buck and infaltionary expectations if Bernanke starts to aggressively cut rates to bail out underwater housing and mortgage speculators.

[Ace Hanlon]

Well looks like we are getting that correction in the HUI. You and Justa called that one right and I was wrong.

But on the overall market looks like you were wrong and I was right. We did not even make a marginal new high before the correction resumed.

And to top it all off interest rates crept up today despite the stock selloff.