up 3 percent already moving, page-15

re: 588.70 next test is 55c Don't think the next Fed rise is a problem, Miner, well and truly expected by market. If they hint at another rise then I agree we have probably not hit bottom yet. Gold looks very resilient ( as does oil , remember at the start of Hurricane season last year we were about $56 ... 20% higher starting point this year , if oil goes to $80 that will put a better break on the US economy than any 1/4pt rate rise ). Oil at $80 over the next few months is probably a better than 50:50 bet ... Gold at $625-$650 minimum if that happens. SBM 65c is my target before Sept 30. for a 30% gain in 3 months ... nice trade.