Replies to post #69629 on ajtj99's Market Pulse

[chainik]

J, don't know whether you pay attention to Rydex PM data, but here they are:

http://www.idorfman.com/Charts/RydexPMCashFlow.jpg

Pretty amazing: despite POG at multi year high, Rydex traders are pulling money out from precious metals fund. IMO, as bullish as it gets.

The only negative spin I can invent is that the guys are pulling money out of RYDEX to invest in safe juniors like GRZ, ANO, CALVF, CRCUF etc (g).

Hulbert is also bullish on gold based on sentiment

http://www.marketwatch.com/news/story.asp?guid=%7B5EB859BD%2D7890%2D4496%2D9D1D%2D33867D10BB7E%7D&am....

[madrose1]

NEM downgraded to Neutral from Buy, target $60@UBSW
The firm is downgrading shares on valuation, but raised its target to $60 from $59.

* Raised the target by $1 ...well isn't that special .