http://www.clivemaund.com/article.php?art_id=68

If you want to look at his review and decide for yourself how this all didn't come about.

I don't knock him or endorse him. I usually read him later to understand why things happened the way they did. No subscription. He is asking the question "What to do with any gold and silver shorts?" I don't have his answer; I suspect he is saying to protect yourself from a breakout. I may be wrong.

On the 7 March he called the dollar oversold and to be ready for a strong snapback. We almost got it except for today. My Macd (3 weeks) indicators show it may be overbougt (useing a weekly for 3 years) but it has much more room to fall. Right now it is in the area of -2.2 and can easly fall to -3.5 to -4.5 It has fallen to these levels when there was every good reason for a strong dollar. He then called for Gold to go sideways or be hit hard. So far he is half right. How this bodes for the rest of the week; judging by todays action not good for the bears.

In fact tonight just may see the breakout towards 1000. Just a maybe.

I hope those of you who are using the bashers to trade have met with success this week. Remember their tactics 1) quiet on an upswing 2) it slows then start instilling doubt 3) if it falls any, start with the name calling then bash as hard as one can at the bottom to force out the new buyers to sell low and trigger any stops as was done today. They are using your own emotions against you.

It is as obvious as the last round. I know they can be outsmarted. I wonder how many time lately they got caught holding shorts under 2 dollars. They won't ever admit to it. The tone of their desperation is increasing each time we retract a bit.

Good luck to all.

Reg Mills