triple bottom, page-28

Ah, the irony.

A couple of years ago I suggested that resource stocks here would be the new dotcom bubble.

Armstrong suggested that around 2007 was the probable high but that into 2011 approx was a real chance of a continuation.

Of course, the 20 year super cycle became the conventional wisdom.

The severe pullback in commodities suggests a B wave rally and a market to match.

The only question is what duration and what price recovery.

It seems that any new price highs are out of the question and a rally is just a precursor to a more drawn out low.

Can new highs been seen?

I think gold is still the big potential upmover.

I loved the chart posted this morning by (someone), forgive me, that excited me because it showed my favourite moving average, 65 period, on a weekly chart as having worked beautifully back in the 1960's and 1970's.

That same ma worked well from 2001 but now has whipsawed a little.

That earlier history gives it even more credence.

Put a little on that punt, when on the right side is my opinion.