thursday

Gold is USD749.50 as I write, down some $26; the HUI is up over 8 points and the USD has cracked 80 on the Index. Is this market toxic or what?

My prognostications are that the up move in the HUI will be counterbalanced by the belief throughout the market that this correction isn't even near finished judging by its intensity.

Hate to say it but I'm repidly being converted to the USD650 scenario.

Oh, and Coal King. You're probably not trading or buying more but just holding a position....that's fine. For we speculators it's a BIG stand aside at the moment.