55 it's in , page-19

LAST SATURDAYS DAILY WEALTH


This extreme volatility is setting us up for the ever-increasing moves to the upside in precious metals ? and in commodities in general.

And this is really a short-term pullback and buying opportunity.

I expect precious metal prices to settle down in the next few days and begin to form a new base. From there, we'll launch to the next set of new highs in gold and silver.


The big boys like Soros will continue to sell into the short-term rallies with their paper profits, just as they have this past week or so. But the rallies will continue to higher and higher levels.

We should just start factoring this type of market behavior into our thinking from here on out. It's going to get extremely volatile, which will push our markets into parabolic levels. I suspect money flow to pour back in at some point.

But the question now becomes How long does the exodus last, and how long will the big boys who have left the trade sit on the sidelines?

Jim Sinclair said the other day, ?The drop at this time will in retrospect be seen as the foundation for gold trading not at $1,650, but rather at $5,000 an ounce.?