MONSTER RALLY FOR GOLD AND SILVER STOCKS

REMEMBER OUR LEADING INDICATORS FCX AND MER--BOTH ARE GIVING BEARISH SIGNALS. IS IT CLIMB A WALL OF WORRY AGAIN FOR PRECIOUS METAL STOCKS OR WILL A BROAD MARKET CRASH AND LIQUIDITY CONCERNS DRAG DOWN PM STOCKS AGAIN???



SEE MY MAY 8 BLOG. I THINK THIS IS JUST THE START FOR A HUGE RALLY IN JUNIOR GOLD STOCKS BUT $CDNX:$GOLD MUST CONFIRM SOON.

Market Crash Alerts

Follow these links
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/16/bcnecb116.xml

P@F Gold Bullish

Broad markets remain very bearish. I look for gold to test 1000 before the end of this year. Will we see $200 oil?
Are you confused about market direction? Follow "Mer" as a leading indicator.
Please review my May 22 post. Nothing beats P&F charting combined with Investor Business Daily Big Picture for finding Broad Market Direction.





Today I play in 4 ball tournament at Hardscrabble. Last night a surprise Limo showed up at my front doorstep to pick me up and my very good friend "The Whale" Bill Christ to take us to the Calcutta. I am Bill's not so silent partner-banker in these events. My wife knew the Limo was coming and did her bit of female chicanery to have me ready early for the Limo's arrival.
I have been reading "Fearless Golf" by Dr. Gio Valiante. This is a GolfDigest book. I think a lot of this applies to the financial markets and trading. Good luck with your trading and God Bless.

Gold Stocks Caution Signal

HUI flashes Caution but Dollar may break down on Monday--if so I expect an explosive rally soon.

Yes Gold Stocks Continue to Rally