Ahhhh! Feels good. I had to carry 8 trades (Silver) for better than a month underwater. Monday I closed all 8 with just enough profit to pay the carrying costs. Since then, I'm up about 2% on my account. Right now, I'm completely out of the market, waiting for a retracement. I've got some orders in on Silver between 12.5 to 12.6 in case the retracement comes when I'm not around.

I put a lot of store in commodity correlations, and I am seeing a spike up in Oil this morning. Now I'm wondering if I should ignore the charts and just jump in on top of this morning's spike.

Nah! That's how I got into the 8 bad trades in Sept.

Enkidu

[color="Red"]Gold Short term bear over - gold detaching from CRB?

Chris Laird
http://www.PrudentSquirrel.com
Nov 9, 2006

Well, last week was one busy week for gold and for me! Recently, I had been tracking the gold short term bear, and I am glad to say that is over. Lots of reasons for this.

It was certainly never my goal to give gold bulls a hard time, and now I am glad to be talking about gold's long term bull.

[color="Navy"]There are several reasons for me to be able to say that the gold short term bear is over. First, let's look at some action of last week: ...

http://www.321gold.com/editorials/laird/laird110906.html

Interesting article. Regarding the CRB. One problem with the CRB, Saville points out, is that it includes very unrelated commodities -- which work often against each other (such as gold versus soybeans). This fact somewhat limits the usefulness of generalizations about the CRB.