Wednesday, November 19, 2008

Mother of All Gold Short Squeezes?

Click on the title to read more about a potential short squeeze in gold on the horizon. Nov 28, 2008 is the date in which that short squeeze may begin. That date should be the 5 week low in mining shares.

My cycle work suggests a top in the gold mining shares around Dec 21. I am looking for a ST top this week and a fall next week, but that pull back should set us up for a nice rally into about the third week of December. The waves are now confirming this.