[Cicero]

There was enormous resistance for gold at $330. It has bounced back down from there numerous times. If this holds for another day or two, it probably means that it's another leg up on the gold bull run.

I'm delighted, because I just picked up a few more gold shares a week or so ago.

Unlike Puplava, I also like the long bond right now.

[Soren]

I have trouble seeing much upside in the long bond. I don't know the stats for the long bond in particular, but I have read that foreigners own about 45% of the Treasuries market. With the dollar poised to fall, I'd be worried about foreigners bailing out. Also, FWIW, Jim Sinclair wrote in an editorial today that "there is no question in my mind that my late 2001 prediction of a top in the bond market in November 2002 has in fact occurred".

[montag813]

There was enormous resistance for gold at $330. It has bounced back down from there numerous times. If this holds for another day or two, it probably means that it's another leg up on the gold bull run.

Amen. Gold is following Technical Analysis 101...330 resistance breakout. Investors would be wise to let it retest 330 as new support before getting in with fresh positions.

[montag813]

Unlike Puplava, I also like the long bond right now.

Yes, Bill Gross at PIMCO has been trying to talk down the bonds for two weeks now, and they have been steadily rising so as to challenge intermediate highs. A break of the March 30yr bond future (USH3) beyond 112 would lead to fresh all-time highs. Your chance to refinance may not be over just yet.

[rohry]

"Unlike Puplava, I also like the long bond right now."

I got out of long bonds in May or June. I'd rather be out too soon than too late. Don't you think that the dollar is going lower? That would send foreigners out of bonds. Bill Gross of PIMCO has been recommending German bonds since late spring.