IN BRIEF -----
Crude oil is taking a breather after its run to $76; record net long positions for large speculators increase the odds of profit taking as gasoline prices soften a bit. But the $80 ceiling still looks like a record that was made to be broken.
Gold has performed impressively in recent weeks, not surprising as the worm begins to turn. ![]()
Gold stocks are building on their impressive breakout, likely benefiting from a fast money injection -- but the real upside is probably yet to come.
Gold stocks are getting a hot-money pop as hedge funds pile in, but the true upside potential is tied to a lasting shift in sentiment.
When it becomes clear how trapped the Fed really is, and how much downside the dollar has left to go, that is when gold stocks could shine.
http://www.gold-eagle.com/editorials_05/litle073107.html
And finally, a revisit of Goldman Sachs (GS:nyse). Two weeks ago it was noted that Goldman's chart presented a "classic bearish case." GS has registered a ten percent decline since then.
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PAYBACK !..langsam kommt man sich naeher.