It's always a toss up between Jon Nadler & Robert Prechter who can be the most bearish on precious metals (in the middle of a bull market). They continue their rants and raves and are proved incorrect 99% of the time - for many years now. One must wonder how Prechter maintains a subscriber base? As per usual, Jon jumped on the recent price weakness... announcing: Difficulties continued to confront the gold and silver markets overnight and even more so early this morning... http://www.kitco.com/ind/nadler/jan262011.html Good for a laugh at least!
US dollar looking extremely bearish, broken 50dma. Options expiry in US tonight... IMO metals look primed for a big move. http://kingworldnews.com/kingworldn...ell_-_Get_Out_of_Your_Dollar_Assets_Now!.html
I get prechters quaterly reports for free hehe they are an interesting read. Nadler on the other hand is pure economic comedy. The guys a joke.