Thanks again for your analysis ESL! I always appreciate your opinion and learn from your commentary. I actually bought more silver bullion last week on the assumption that the weakness in the PM sector was due to the usual criminal takedown at op-ex in the COMEX, plus a short term dollar bounce that was largely due to Euro weakness and a short-covering rally. The PM stocks were hammered again today, which tells me we have one more down leg ahead for the metals before the crooks cover and retreat. I think the dollar is going to run into resistance and resume its downtrend. I think the much-hyped commentary out of China is a tactic to generate some selling in the resources and allow them to buy everything quietly on a discount. And I think the metals stocks will all start to recover into the latter half of this week, and then resume the uptrend into February. If you are correct on your call for the dollar, then maybe the sentiment level around here is about ready to kick it up a notch.
cheers!
mike