It appears to me that we are in the middle of a capitulation phase.Fear replaces common sense and fundementals are out the window.
This might turn into the bottom we have been searching for.The problem is trying to find the bottoming area.
Tonight might be the night that the powers that be throw everything they have got at gold to break the lows in a similar fashion as April 13
The only interest rate rise I see would probobly be in the Bond market giving way.But it may have more to go in the other direction.As far as I can see the powers that be are being somewhat economical with the truth about their economies,amongst other things
ABU Price at posting:
33.5¢ Sentiment: None Disclosure: Not Held
BSR Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
PRU Price at posting:
30.5¢ Sentiment: None Disclosure: Not Held
SBM Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
MML Price at posting:
57.5¢ Sentiment: None Disclosure: Held
KCN Price at posting:
72.5¢ Sentiment: Hold Disclosure: Held
NST Price at posting:
$1.12 Sentiment: Hold Disclosure: Held
