Gold Surges To 4-Month Highs, page-213

No 1For, I think the bottom is in on US POG. But we might get a handle for our cup. Given that the recent side of the cup is now higher than the older side, this is technically very bullish. The lift out of the bear trap at the bottom of the HUI at 2002 lows, and sustained buying since is also very bullish. We also had a couple of more recent bear traps mid session in the last few days that were dealt with by strong buying. This is also very bullish. Oil and base metals, whilst still above potential lows are at least near bottoms, limiting any massive slide in commodities. Johny is short gold right now. Add it all up and the probabilities are overwhelmingly bullish.

But as I've always said, it is nice to make predictions, but what is more important is how to react in real time to the actual play. Poor old Panda, he seemed such a nice bear.