haspetes's - flat tops = drops thursday, page-29

The US market has not pulled back enough.

I suspect there is more short-term downward pressure to come.

Goldies got smashed in early trading on the basis of a lower USD POG and and a 4% fall of the HUI, GDX and GDXJ. They are cheap but could get a lot cheaper. I think there will be better buying opportunities mid/second part of 2012. I will sell more of my goldies at higher prices, but perhaps not at these levels, depending on how badly traumatised I think the the markets can get.

loki