RE: Jim Sinclair InfoMail............kiw.......with Minauld and Droke, they always acknowledge at least the possibility that gold can go down
but sinclair was staking his "42 years of experience" and literally begging people to put more money into gold investments
there was no corrollary...no "if 50 day support holds THEN buy" or cautions if 314 breaks...be carefull...or anything like that
I have been bearish on gold lately...but right now I don't know if my reasons ( deflation) are the right ones....POG seems to be acting counter to markets...and in a deflationary environment POG would be goig down with the markets
Saville's latest article on the spread between long and short term bonds is very interesting...although I have yet to find a chart tracking that spread
I certainly don't see the recent lows in equities as the final low....I don't think this rally can be sustained for too too long...but up to x-mas is certainly a possibility (I had been of the mind that the indexes were basically going to sink like stones up to X-mas)
I agree with those who say bush is ratcheting down the rhetoric simply to stop killing the market and improve chances for mid-term elelctions. I think if republicans get control of all houses then gold will do very well....they will be under no restraints then, in terms of spending, security and their pre-emptive war strategy.
I think I am going to go set up a shorting account just to give myself that option and flexibility