the optimism from last week is stronger this week.

1) ECU although not going up at rocket speed, it is not being allowed to drift down on low volume; as would be normal when the traders work their "magic". My other Jrs are beginning to stop descending and show strength. Potash what can be said!

2) For TA users that follow gold. Look at June 06 and June 08. Overlay a 200 and 300 DMA. See any similarities? The only difference for me is the speed of the correction in 06 and the fact it was below the magic 850 price. Both have touched the 200 and one has shot straight up from it.

3) More yet, The dollar has not broken my upper level of the rising wedge. Each day the upper boundary gets higher therefore allows the dollar more upward room for now. The red line is my wedge top and the blue is a flag line. Either way it is bearish and still remains that way. The dollar flag and the 200 Mda can come together in a few weeks that will be the telling time. It has to break both to start its uptrend. This event will be in a few weeks. I am positive TA is used by the big guys. They point to it after it happens to prove their point. They will not tell you about the bearish confluences.

http://stockcharts.com/h-sc/ui?s=$US...

Friday was a good day as gold may have begun to decouple from the dollar.

My kids took me to body worlds here in Edmonton. A once in a life time experience! I've had my once. Honestly I thought it was well done and a great encouragement for those who want to think about the way they treat their bodies. My grandson wasn't bothered by it at all. He 4 months.

Remember this is my viewpoint of events I encourage others to examine and share constructively.

Looking forward to this week

Reg Mills