Couldn't agree more.

Again the Jrs were less affected than the Srs. However, Gold did get a wack today and may take some time to recover. This evening they are making a serious effort to break the up trend line. The question is how many will cover thier shorts in PM on this move. How many are sitting on the trend line with buys. To many questions and so little info.

We are a good distance up from the trend. If what I suspect has happened as in any battles the lines were rushed in mass; just by looking at the volume on the gld. The have not been broken. For me the telling tale was the Dow it can't hold its one day gains. Little joe must be pulling out on the highs at least I hope so for his sake.

If Netdania gold gets to 930 in the next hour that will bode well as it breaks astrong down trend line from early this morning.

Plan well your next moves and don't let fear drive you.

Reg Mills