The last time I felt this optimistic gold went through 1000. I get this way by reading the info at hand. My best indicator so far has been gartman 4 out of 5 times he is wrong on gold. The recent correct call was the previous down leg in which he was complicit by selling all his positions and getting his followers to do the same. I don't think he can pull a rabbit out of his hat this time. The TA reports from various sources expound the bear is back in the dow: It just keeps bouncing off the 200 MA. Gold has approached its best support level above the 200 dma and is now above the 50 DMA.

As for ECU and many many other PM jrs we may have seen the bottom in the last few weeks. The USD has produced a 3 months rising wedge in a bear trend. This is very bearish. The opposite of a falling wedge in a bull market and more potents since fear is a greater motivator to sell than greed. I saw a lot of "go dollar go" comments just before the capitulation on Friday.

At risk of irritating some Nadler is becoming neutral and admitting the dollar is in trouble; this after trying to talk it up. They are only indicators to me. Just like those who bash any stock they are indicators treat them as such and don't allow your anger to feed the noise

Remember; its your PF, your decisions.

Tomorrow will be interesting. Do "they" have any ammo left?

GLTA

Reg Mills