"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, June 20, 2007

CDE - Making a short term bottom?

It is psychologically difficult for me to do with my bearish bias on all markets, but maybe CDE is presenting a good short term trade here to around 4 bucks. The leash on this dog will be very short. As soon as I feel the miners' short term rally is over (I don't yet) or as soon as CDE poops by more than 3%, the trade is over. PS: Upon review, precious metal indices painting some crappy looking candles today. I am sure my friend Claude loves my apprehension. ;-)