Thursday, January 27, 2011
My newsletter was a bit of a nervous Nelly about gold and gold stocks (while maintaining a pure big picture bullish stance) not too long ago. Now, while not putting myself out of business by getting too detailed, the dynamics are in place whereby it is appropriate to become more bullish the lower the metal goes.
Blog readers know some of them already, of course. Like the CoT. The actual public sentiment structure is another, and gold's probable support and retrace levels are another. As for fundamentals well, do you believe economic growth is organic and sustainable? Ha ha ha.
Look at the cliff jump gold is taking as I write. It's beautiful. But it's not yet to target. http://www.biiwii.blogspot.com