http://www.billcara.com/archives/2008/03/week_in_review_13_20080330.html#more

This week, $GOLD popped $16.50, causing the leading miners like Barrick and Goldcorp to rise by +6.4% and +5.9% respectively. But the prices are still down this month, as it was only a week ago that all the goldminers were blown up as $GOLD plunged -$79.50/oz. That week, ABX plunged -20.8% and GG -16.8%.

My alert of a possible major sell-off continues in the precious metals because the banks and the Administration need the commodity prices lower if there is any hope of saving some of the big banks and brokers and a big piece of American industry like the homebuilders and the retailers. This week, all of the latter sold off sharply, so the Interventionists will try to pull something off soon.

I continue to believe that the short-term play is to trade out of gold and goldstocks for the short-term and to get ready to step back in, especially some (but not all) of the juniors.