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This is a re-iteration of yesterday morning's call:


Gold is"blowing off" on the upside right here,
just as the U.S. Dollar is"blowing out" to the downside.

I'm expecting a reversal imminently, and gold stocks
are trading sells right here.


Downside correction objective for HUI (255) is in the 180's,
about 30% lower than today.

Longer-term bull market in Gold is still very much intact,
and we continue to expect much higher prices over the next 3 to 5 years.

Likewise for the U.S. Dollar (86.00): longer -term trend remains down,
but a 10% to 15%"recovery rally" is likely to begin from the
86.00-84.00 level.

Manchmal gut, wenn man die Hausaufgaben selber macht!


Emerald.